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Alibaba Pictures Group plans to delist in Singapore and trade only in Hong Kong

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Old 19-06-2020, 11:23 AM   #1
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Alibaba Pictures Group plans to delist in Singapore and trade only in Hong Kong

DUAL-LISTED Alibaba Pictures Group has been given the go-ahead to delist from the Singapore Exchange (SGX) mainboard, the board said on Thursday night.

After the planned delisting, shares would be publicly traded only on the Stock Exchange of Hong Kong; the board said the Hong Kong bourse is “more geographically aligned with the business operations” of the media company in mainland China.

Alibaba Pictures Group also cited a “significantly lower trading volume” of its shares in Singapore than in its primary listing in Hong Kong.

Trading only in Hong Kong will thus “not have a negative impact on the liquidity of the shares or the effectiveness of future fund-raising activities by the company, and will instead increase the shareholder value in the long term through improving the cost-effectiveness of the listing compliance of the company”, the board added.

The company added that it will give more updates to shareholders later on the timeline for the planned delisting, as well as the actions that investors here would have to take.
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The Singapore Exchange is not objecting to the move as long as the company meets requirements, such as notifying investors here at least three months before the delisting, said the board.

Alibaba Pictures Group has told the Singapore Exchange that it will bear the relevant transfer fees for shareholders holding the shares through the Central Depository who want to transfer their shares ahead of the delisting, to either Hong Kong’s Central Clearing and Settlement System or the sub-account of a suitable securities broker.
https://www.businesstimes.com.sg/com...y-in-hong-kong
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Old 19-06-2020, 11:33 AM   #2
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sgx need to do something big...
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Old 19-06-2020, 11:41 AM   #3
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sgx need to do something big...
they tried but no avail. hph trust was listed at around 0.95 and it has since become penny stocks.


HONG KONG/SINGAPORE (Reuters)- Hong Kong billionaire Li Ka-Shing’s Hutchison Port Holdings Trust (HPHT) will raise $5.4 billion via a Singapore IPO after pricing its shares at the middle of an indicative range, in what will be Southeast Asia’s largest-ever share offer.

The HPHT IPO, also set to be the largest in Asia so far this year, is a major boost for the Singapore Exchange (SGXL.SI), which has fallen well behind rival Hong Kong in recent years in attracting scores of multi-billion-dollar listings.
https://www.reuters.com/article/us-h...72A0EE20110311
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Old 19-06-2020, 05:07 PM   #4
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no surprise
sgx only good for aunties and uncles at kopitiam
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Old 19-06-2020, 05:19 PM   #5
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no surprise
sgx only good for aunties and uncles at kopitiam
Wah u saying a lot of ppl here are aunties and uncles at Kopitiam ah
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Old 19-06-2020, 05:24 PM   #6
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Wah u saying a lot of ppl here are aunties and uncles at Kopitiam ah
the sgx market itself tells alot about the reality
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Old 19-06-2020, 05:25 PM   #7
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they tried but no avail. hph trust was listed at around 0.95 and it has since become penny stocks.



https://www.reuters.com/article/us-h...72A0EE20110311

Sells something worth 95c. Now trading at 11c
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Old 19-06-2020, 06:06 PM   #8
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good decision. Singapore market too stagnant already
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Old 20-06-2020, 12:48 PM   #9
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Sinkieland can only be reit exchange
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Old 20-06-2020, 07:26 PM   #10
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no surprise
sgx only good for aunties and uncles at kopitiam
its true im the uncle at the kopitiam
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Old 20-06-2020, 07:31 PM   #11
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Wah u saying a lot of ppl here are aunties and uncles at Kopitiam ah

I m often at a kopitiam. I go there to meet stockmarket uncles and aunties.
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Old 20-06-2020, 09:25 PM   #12
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sgx need to do something big...
Example?

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Old 20-06-2020, 09:28 PM   #13
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Example?

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M&A with or against other exchange.
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Old 20-06-2020, 10:11 PM   #14
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Ironically, SGX is commanding a good profit margin and earnings for its shareholders.
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Old 20-06-2020, 10:14 PM   #15
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Sinkieland can only be reit exchange
REITs and finance are the core of STI.
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