Posts
"CapitaMalls Asia wishes to announce its intention to explore a secondary listing in Hong Kong to complement CapitaMalls Asia's growth strategy in China. China currently accounts for approximately 37%1 and 70%1 of CapitaMalls Asia’s total property portfolio by property value and Gross Floor Area respectively. Given the growing importance of CapitaMalls Asia's China business going forward, the Directors believe that the Listing will complement CapitaMalls Asia’s expansion in the country and achieve its longer-term strategic objectives." Read announcement here.
Like with all dual listing announcements, it is reasonable to expect a spike in buying interest in this counter. The fervour could dissipate after some time but I would expect some positive movement initially. Resistance levels could possibly weaken and higher highs could be formed.
See slides proposing secondary listing here.
Related post:
CapitaMalls Asia: Moving higher.
Bloggy Award
2 comments:
Hi AK71
The dual listing news seems pull down CMA share today.. Will it be another opportunity to accumulate CMA share at the current price?
Hi ortho,
I have just blogged about this. :)
CapitaMalls Asia: Dual listing failed to excite.
Post a Comment