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Singapore Exchange (SGX) and Oslo Børs ASA (Oslo Børs) are pleased to announce the first two companies for dual listing on both exchanges following their collaboration last year.
The two companies are Golden Ocean Group, a dry bulk carrier currently listed on Oslo Børs and China Fishery Group, an industrial fishing company listed on SGX.
SGX and Oslo Børs signed a Memorandum of Understanding (MOU) in July 2009 to facilitate the process of secondary listing of companies on the two exchanges, beginning with but not limited to companies in the energy, offshore and shipping sectors. These are key sectors common to both exchanges. The collaboration allows companies to benefit from an efficient listing process, have their shares traded in the two different time zones as well as reach out to a more diverse and larger pool of investors. Following the MOU, both exchanges have received enquiries from companies listed on their respective markets who are interested in the benefits and opportunities arising from a dual listing.
Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX said, “"We are pleased that the collaboration between SGX and Oslo Bors is showing fruition. We look forward to more companies benefiting from this dual listing arrangement. This will also boost the sector strengths and diversity of companies listed on both exchanges."
Mrs Bente A. Landsnes, President and CEO at Oslo Børs said, “These days, when market conditions are more normalized, we experience an increased interest for listing in Oslo and vice versa. We are therefore expecting more companies to take the opportunity of dual listing in the near future, and that this will give a positive contribution to the companies and their shareholders.”
