The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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MMs dont want to sell these Gems thats why
you can buy and sell before delist if you wanted but its easy to trade on the HK most platforms allow it
Large ish spread, is that today or normal? Thanks.
i wasnt sure the Gem market would come under the hkex also. looks not and a completely different market so all looks good for CNEL holders. if you can trade it through your broker
They have already applied look at the rns
A listing application of the Company, including an application proof of the prospectus (the "Application Proof") of the Company, has been submitted to the HKEx on 21 June 2019. The Application Proof is available for download from both the investor section of the Company's website at www.chinanewenergy.co.uk or the New Listings > Application Proof, PHIP and Related Materials section of HKEx's website at www.hkexnews.hk.
On 4 February 2019, the Company announced it had concluded that a listing on a stock market in Asia may achieve a greater valuation of the Company and provide it with better access to capital. Further, the Company advised that it was considering whether it may be beneficial, conditional upon and simultaneous with admission to a stock market in Asia, to seek consent to withdraw its securities from trading on AIM ("Withdrawal").
The Company has concluded that HKEx would be the most appropriate Asian stock market for the Company to seek for a listing. As a result of the anticipated valuation on the shares of the Company after listing on HKEx being greater than that currently experienced on AIM, the Board has concluded that Withdrawal will be beneficial for shareholders. Accordingly, the Company intends, in due course, to convene a general meeting to, inter alia, seek shareholder consent for Withdrawal conditional upon and simultaneous with admission to HKEx.
The Board continues to stress that it is committed to remaining public and for its shares to be traded on an internationally recognised stock exchange. For the avoidance of doubt, should for whatever reason the admission to the HKEx not proceed, then the Company's shares are expected to continue trading on AIM.
i dont think theyll push for main market to begin with. i think the 'Gem' market would be more suited. guessing hing kongs aim equivialant market.
2.10 and 2.14 now being paid. Once it hits 3p we should very quickly hit 4/5
Its set to double, double and double again from these ridiculously low prices.
Yes, the minimum mkt cap required by the Hong Kong Stock Exchange for its listing is HK$500m (=£50m). Minimum public float is 25% and is currently about 15% on AIM. So it has to issue new shares at about 11p each for its IPO in HK.
That should have read £50 mill mkt cap target.
L.
As it heads towards the 11p they require I imagine we will see investment coming in to push this to the required levels. Looking at the position the company is now compared to several years ago and things look very undervalued right now.
Watch is double up in the next few weeks as this is so undervalued.
Yep.
11p target for 5 million mkt cap, if they’re going to Hong Kong
L.
Looks like the SP is slowly strengthening ahead of the switch to a more energized exchange