Genting Hong Kong Limited, a global leisure, entertainment and hospitality enterprise, in conjunction with its secondary listing by way of introduction, made its trading debut on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST) today.
Genting Hong Kong currently has a primary listing on The Stock Exchange of Hong Kong Limited (“HKSE”). With the secondary listing on the Main Board of SGX-ST, the shares of Genting Hong Kong were de-quoted from the GlobalQuote platform of the SGX-ST on last Friday, May 9, 2014.
Mr. Blondel So, Chief Operating Officer of Genting Hong Kong said, “This is an exciting day for us and marks an important milestone for Genting Hong Kong. A significant number of our shareholders are based in Singapore, and we appreciate their support over the years. The secondary listing on the Main Board of SGX-ST will also raise our profile amongst the investing community in the region who are familiar with the Genting brand and its services. We aim to capitalise on this opportunity to strengthen the market’s understanding and appreciation of our business. With the dual listing status in Hong Kong and Singapore, Genting Hong Kong will be in a better position to access the capital markets in both financial centers and maximise its growth potential.”
In relation to the introduction, CIMB Bank Berhad, Singapore branch acted as the financial advisor and sponsor. The shares of Genting Hong Kong are traded on the Main Board of the HKSE in Hong Kong dollars, and on the Main Board of the SGX-ST in US dollars. Genting Hong Kong will continue to be subject to, and will continue to comply with, the rules governing the listing of securities on the HKSE.