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ISDN Holdings receives SGX clearance for proposed dual listing

Michelle Zhu Published on Mon, Nov 21, 2016 / 9:07 AM GMT+8

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SINGAPORE (Nov 21): Singapore Exchange (SGX) Mainboard-listed ISDN Holdings says SGX, in a letter dated 18 Nov, advised it has “no comment” on the group’s draft circular in respect of ISDN’s proposed dual primary listing of its shares on the main board of the Hong Kong Stock Exchange (HKSE).

This includes ISDN’s proposed grant of award to controlling shareholder Teo Cher Koon as well as his controlling associate, Thang Yee Chin – as well as its proposed amendments to the ISDN employee share option scheme for 2016 and performance share plan, amongst others.

In a Monday statement, the group further announces that SGX on Friday also granted ISDN’s approval-in-principle for the listing and quotation of up to 40 million offer shares in conjunction with the proposed listing.