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CM Pacific joins delisting train as majority shareholder launches offer

Company's successful exit would shrink local bourse's market cap by more than S$1.5 billion

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Tollroad operator China Merchants Holdings (Pacific) - a billion-dollar company - has moved to delist from the Singapore stock exchange in yet another sign of hollowing out in the local market.

Singapore

TOLL road operator China Merchants Holdings (Pacific) - a billion-dollar company - has moved to delist from the Singapore stock exchange in yet another sign of hollowing out in the local market.

The firm, which has a reputation among investment circles as a dividend stock