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Bangladesh's Summit Power aims for Singapore listing by April

Electricity producer could become first Bangladesh company to be floated on SGX

Published Mon, Feb 26, 2018 · 09:50 PM

Singapore

ELECTRICITY producer Summit Power International plans to list on the Singapore Exchange (SGX) by April, likely becoming the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia.

Bangladesh's economic growth rose by 7.28 per cent in the financial year that ended in June 2017 and its population is expected to climb to over 185 million people by 2030.

Together with Pakistan and India, the country is making South Asia a hotspot for liquefied natural gas (LNG) demand, attracting investment from gas producers and power plant bu…