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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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Published Mon, May 9, 2016 · 09:50 PM

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    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, is currently valued at S$1.5 billion.

    SGX

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