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Sino Grandness up 5.4%; earnings renew interest

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Sino Grandness Food Industry (JS5.SG) is up 5.4% at $0.295 in active trade as investors revisit stock after largely ignoring it in past months, with interest renewed by recent release of FY09 results.

After climbing to high of $0.485 in December since November listing, stock has been on sustained decline to around current levels, not far from IPO price of $0.29.

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