Epure is seeking to raise new funds via its listing by introduction. HK water companies are not trading at much higher valuations either.Not sure of the rationale for this dual listing. HK listed water companies like Beijing Water Enterprises and China Water Affairs are smaller than Epure. If Epure comes to HK, it could even be one of the bigger boys!
One thing is certain -- SGX is doomed. SGX is even losing appeal in its strongest sector -- Environmental and Water. With an ang mo that has zero knowledge of China coming in as the CEO, I am most worried about what will happen to the Singapore Stock Exchange.
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