Mainboard-listed Hong Lai Huat Group has won all regulatory approval for a dual listing on the Frankfurt Stock Exchange (FSE), the largest stock exchange of continental Europe.
Trading will commence this coming week.
The company’s existing listing on SGX will remain.
Typically, Singapore-listed companies seeking a dual-listing would go Hong Kong.
Hong Lai Huat’s executive director Ong Jia Jing hopes that the Frankfurt listing will increase its base of potential investors and to also increase the company’s visibility.
“We hope the dual listing will allow us to reach out to more international investors, allowing Hong Lai Huat to benefit from new foreign investors looking to expand and invest in high growth emerging markets such as the Kingdom of Cambodia,” he adds.
See also: Interra Resources granted 12-month extension to meet SGX watch-list exit requirements
Hong Lai Huat shares closed Dec 3 at 9.9 cents, up 3.13%.
Photo: Albert Chua of The Edge Singapore
