Genting HongKong exits Singapore bourse

Casino operator Genting Hong Kong is exiting the Singapore Stock Exchange as the holding company consolidates trading in order to tap potential Chinese investors.

In a regulatory filing, Genting announced that it received the blessing of the Singapore bourse for the voluntary delisting of the shares of the company from the Main Board.

Genting explained the delisting was a strategic move in order for them to be able to focus their efforts and resources on its core business activities as well as to corner potential Chinese investors.

“As a result, the Company believes that it is desirous to increase the visibility of the Company among the North-Asian investors and envisages that maintaining a single primary listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKSE”), which will potentially increase the trading of the Company’s shares on the HKSE, will enhance the Company’s profile to North-Asian investors,” the firm said in a statement.