Important gateway: Visitors tour the river by boat alongside high-rise office buildings in Singapore’s financial district. Enquiries about listings on SGX shot through the roof after Trump ramped up his trade actions against China. — AFP
SINGAPORE: At least five companies from mainland China or Hong Kong are planning initial public offerings (IPOs), dual listings, or share placements in Singapore in the next 12 to 18 months, four sources say, as Chinese firms look to expand in South-East Asia amid global trade tensions.
The companies include a Chinese energy company, a Chinese healthcare group, and a Shanghai-based biotech group, said the sources, who have direct knowledge of the matter, but declined to name the firms as the plans are not finalised.
