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
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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.
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