China Animal (one of my Stock Picks) is now just 2 cents away from my fair value of S$0.42. The recent price rise to S$0.40 is linked to its impending Hong Kong listing. The Company announced on November 30, 2010 announced that the hearing for its Hong Kong listing would be on December 2, 2010. That day has passed without any announcement from the company but if silence means that everything is on track - then we can expect the dual listing to commence on December 21, 2010 in Hong Kong.
The Company has passed the date of the first Batch transfer of shares to HK on December 6, with the Second Batch transfer date set for December 13, 2010. Unlike Midas, China Animal will not be issuing new shares because it has already secured funding earlier this year from the private placement of ......