PC Partner Group Plans Secondary Listing in Singapore

MT Newswires09-03

PC Partner Group (HKG:1263) plans to apply for a secondary listing of its shares on the Singapore Exchange by way of introduction and establish a base in Singapore, according to a Friday filing with the Hong Kong Stock Exchange.

The computer parts company will not issue new shares upon listing in Singapore.

Once the secondary listing is completed, PC Partner plans to convert its Singapore listing into primary status, which will entail a withdrawal of its listing in Hong Kong, the filing said.

The proposed change is subject to shareholder approval.

Its foray into Singapore is part of the company's expansion plan into Southeast Asia. The move includes relocating its headquarters to Singapore from Hong Kong and establishing a factory in Batam, Indonesia.

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