Alternative avenue: Riot police walk outside the Exchange Square complex, which houses the Hong Kong Stock Exchange. CTR Holdings Ltd is the latest Singapore company that’s picked Hong Kong over its home ground this year, even with the ongoing anti-government protests in the financial hub. — Bloomberg
SINGAPORE: Hong Kong remains the top listing venue for Singapore companies.
CTR Holdings Ltd, a provider of engineering services, is the latest example. It’s the second Singaporean company that’s picked Hong Kong over its home ground this year, even with the ongoing anti-government protests in the financial hub. In 2019,10 Singaporean firms debuted in Hong Kong, raising US$155mil, a 25% increase from 2018, according to data compiled by Bloomberg.
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