Independent journal on economy and transport policy
15:06 GMT+2
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Green light to the delisting of Genting Hong Kong from the Stock exchange of Singapore
the group will continue to being quoted to Hong Kong Stock Exchange
October 3, 2017
the crocieristico group and navalmeccanico Genting Hong Kong will exit from the securities market of Singapore. The Singapore Exchange Securities Trading in fact has authorized the delisting on proposal of the same Genting, whose titles are mainly quoted to the Stock exchange of Hong Kong and subordinately to the Stock market of Singapore.
Genting has specified that the maintenance of the only quotation to the Stock exchange of Hong Kong is online with the strategy of the group of focalization on the crocieristiche activities in Asia, in particular in the northern region of the continent where Genting is continuing the initiatives in order to take advantage of the growth potential increasing of the Chinese market.
"the maintenance of an only primary quotation to Hong Kong Stock Exchange - it has explained today the president and managing director of Genting Hong Kong, Tan Sri Lim Kok Thay - potentially will be able to increase the exchanges of the actions of the society to the Stock exchange of Hong Kong and this will strengthen the perception of the society near the investor of northern Asia. Moreover the future effectiveness is previewed that the consolidation of the negotiations of the titles of the society near the HKSE deriving from the planned one delisting will increase the liquidity of such actions to the HKSE, improving in such a way eventual initiatives for the capital collection that the society had to assume".
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