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Dual-listed China New Town seeks delisting from SGX

Published Tue, Oct 18, 2016 · 09:50 PM
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Singapore

CHINA New Town Development Co is seeking a voluntary delisting from the Singapore Exchange (SGX) to trade only on the Stock Exchange of Hong Kong to save on costs and improve liquidity.

The China-based township developer is making an exit offer of seven Singapore cents a share to Singapore shareholders. T…

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