Sound Global

[CityFarmer]

More and more trades done above 70c, it is really weird. Could it be Sound is about to post a surprise announcement so Mr Wen quickly catch some more shares when they are still "cheap"?

Weird? The exit offer from Mr. Wen is quite different from other offers. The exit from SGX, remains listed in HKEx, and at the same time redeems the CB, is a wise move, IMO. It reduces the hassle for dual primary listings, and also easier for future corporate actions.

Mr. Wen seems not eager to acquire the shares in SGX, but prefer to transfer them to HKEx. At least so far I didn't catch any disclosures from him.

May be the HK investors are jumping the gun, and buying them at price higher than the exit offer.

(vested)