Sino Grandness

[specuvestor]

You have a company that has a generally negative perception of the financials and you get Ah Tiong & Co to audit? Not saying that the big4 are really good in discovering irregularities per se but they at least instill confidence into the numbers for the IPO. Similarly if Goldman is lead manager of the IPO, then it speaks volume, though we can't say Goldman's IPO never flop.

Nether does a more "recognisable" name like Grant Thornton makes it any better
http://www.valuebuddies.com/thread-3371-...l#pid97925

That said now is a good time when China market is hot to IPO. People might not even care so much about short term perception, but the company and lead will still be taking big risk on IPO demand if the perception is not managed well. If they don't grab this window then it is June redemption that we will be looking at.

No prices in guessing why the SHK bonds are extended to June rather than coincide with GS bonds in July. Fat lady have to sing soon and VBs should be able to asset allocate correctly and execute by the catalysts with all the info provided in this thread.