SGX-listed Geo Energy eyes dual primary listing in Hong Kong

Singapore

SINGAPORE-LISTED Indonesian coal miner Geo Energy Resources has set its heart on a dual primary listing on the Hong Kong Stock Exchange (HKEX), hoping that its stock may be rewarded with better liquidity and improved valuation.

Getting closer to key customer China, diversifying the shareholder base and tapping an additional funding source are the other driving factors that may see the group - if things go as planned - secure a seat on the main board of HKSE by next May or June.

"We are undervalued. Maybe investors in Singapore do not understand mining well. There is greater depth and liquidity in the sector on the HKEX. Certain funds there can also invest in smaller companies (like us) and it has a bigger pool of retail investors," Geo Energy's chief executive Tung Kum Hon told The Busin…