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Nine China state-owned firms listed on SGX

SGX's update comes on the heels of the launch of the Shanghai-Hong Kong stock-trading link

Published Tue, Nov 18, 2014 · 09:50 PM

Singapore

THE Singapore market contains nine stocks that are wholly or partially-owned by state-owned enterprises (SOEs) in China, the Singapore Exchange (SGX) told investors in a market update on Tuesday.

Spanning sectors such as pharmaceuticals, water purification, shipping, property, commodities and industrials, they have a total market value of S$8 billion and are trading on average at 1.2 times their book value, SGX said.

The market update comes as a landmark stock-trading link between the Shanghai and Hong Kong markets kicked off on Monday, enabling retail investors around the wo…

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