Tuesday, December 21, 2010

China Fishery Group rated 'outperform' by Standard Chartered

Standard Chartered Research in a Dec 7 research report says: "CFG intends to undertake a global offering of up to 200m new ordinary shares and plans to seek a dual primary listing on HKEX. Based on today's closing price, we estimate the group could potentially raise up to $450 million. This presents a potential EPS dilution of up to 20%.

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