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ISDN a step closer to Hongkong dual listing

Benjamin Cher
Benjamin Cher11/25/2016 01:14 PM GMT+08  • 2 min read
ISDN a step closer to Hongkong dual listing
SINGAPORE (Nov 25): NRA Capital is maintaining its “overweight” on ISDN Holdings with 20 cents target price as it moves a step closer to its proposed dual listing on the Hong Kong Stock Exchange after getting clearance from the Singapore Exchange.
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SINGAPORE (Nov 25): NRA Capital is maintaining its “overweight” on ISDN Holdings with 20 cents target price as it moves a step closer to its proposed dual listing on the Hong Kong Stock Exchange after getting clearance from the Singapore Exchange.

In a Thursday report, analyst Lin Jinshu notes that the listing of 40 million shares in Hong Kong is now pending approval from shareholders and HKSE, with the issue price serving as a catalyst for the Singapore share price.

“Barring unforeseen circumstance, we would expect the dual listing to take place within the next few months or so,” says Lin.

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