Business
PC Partner Charts New Territory: Hong Kong Electronics Firm Eyes Singapore for Expansion and Secondary Listing
Hong Kong-based tech company PC Partner is considering relocating its main office and pursuing a secondary listing in Singapore as part of its growth strategy in Southeast Asia.
The Singapore listing serves as a way for the company to establish "a tactical foothold in Southeast Asia… which, in the company's opinion, will enable the group to seize business prospects in these regions more efficiently," according to PC Partner. "Hence, the board members believe that the [listing] benefits the company and all its stakeholders."
Shares of PC Partner experienced a slight drop of 0.9% to HK$4.47 in Hong Kong's market on Friday. However, the company's stock has shown a significant increase of 42% this year, surpassing the standard Hang Seng Index that only managed to achieve a 5.5% increase during the same timeframe.
Following its secondary listing in Singapore, PC Partner has expressed its intention to eventually transition this into a primary listing. The company stated that this action would result in the termination of its listing status in Hong Kong, according to their statement.
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