HOCK LOCK SIEW
Port giant PSA could be a prized candidate in Singapore’s pursuit of high-quality listings
The company, whose earnings have exceeded S$1 billion in recent years, could prove popular with investors
[SINGAPORE] Singapore is pouring in billions of dollars to breathe life into its equity market, as it pulls out all the stops to attract companies to list and increase investor interest.
The Monetary Authority of Singapore (MAS), in its latest move, announced on Tuesday (Sep 29) that it will place S$1.45 billion with five more asset managers under an upsized S$6.5 billion Equity Market Development Programme.
It is part of efforts to develop the local fund-management industry and improve investor participation in Singapore equities.
