Singapore listing positive for TSH Resources

PETALING JAYA: Kenanga Research is keeping its “market perform” call on plantation group TSH Resources Bhd, after evaluating the company’s proposed secondary listing on the Main Board of the Singapore Stock Exchange (SGX).

On July 21, TSH Resources announced via a filing with Bursa Malaysia of its intention to undertake a secondary listing of and quotation for its entire issued ordinary shares on the Main Board of the SGX, without involving the issuance of any new shares, while reiterating that Bursa would remain as the primary stock exchange on which its shares are listed.