Gold miner CNMC to seek dual listing in Hong Kong

CATALIST-listed CNMC Goldmine Holdings will seek a dual primary listing on the main board of the Stock Exchange of Hong Kong, the company announced on Monday during Singapore trading hours.

The Malaysia-based gold miner has appointed Alliance Capital Partners as its sponsor in Hong Kong. No application for the Hong Kong listing has been made yet.

CNMC said it hopes to have ready access to the two equity markets as and when opportunities arise. The company also believes that a dual listing will increase its market visibility, potentially widening its investor base and allowing it to gain exposure to a wider range of private and institutional investors.

CNMC shares were trading at 27 Singapore cents as at 12.32pm, up 1.9 per cent or half a cent on the day.