HK-listed Singapore companies fizzle after IPO sizzle

Singapore

SEVERAL homegrown Singapore companies have sought listings in Hong Kong, but experts warn that investor familiarity is crucial to avoid being buried in the graveyard of illiquid and uncovered stocks.

This year alone, Hong Kong Exchanges and Clearing welcomed Singapore's real estate firm ZACD Group, consumer services provider ISP Global, and healthcare company IAG Holdings to its Growth Enterprise Market (GEM) board.

And others are keen to join them, including Singapore-listed Wilmar International, which is looking to list in China, which accounts for 60 per cent of…