Dual-listed China New Town seeks delisting from SGX
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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. Those who prefer to stay invested in the company may arrange to have their shares transferred to Hong Kong.
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