China Everbright Water files proofs for HK dual listing
MAINBOARD-listed China Everbright Water moved one step closer to a dual listing in Hong Kong.
On Tuesday, the firm submitted draft application proofs with the Stock Exchange of Hong Kong ahead of a planned listing on its main board.
The expected timetable and other details on the offering will only be disclosed after the final prospectus is registered.
China Everbright Water, which builds and manages water treatment plants, was listed in Singapore in 2014 through the acquisition of HanKore via a reverse takeover.
The group said that from 2015 to 2017, the growth rates of its revenue and net profit were one of the highest as compared with companies listed in Hong Kong with a similar business scope, according to Frost & Sullivan, a global research and consultancy firm.
China International Capital Corporation Hong Kong Securities and China Everbright Capital are the joint sponsors for the Hong Kong listing.
China Everbright Water shares fell half a Singapore cent or 1.43 per cent to S$0.345 before the lunch break on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Manulife profit beats on growth in Asia, wealth management
Hong Kong woos Saudi money in attempt to revive stock market
AMC reports first-quarter loss with fewer studio film releases
Robinhood beats profit estimates on interest income strength
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong