Singapore Exchange (SGX) today welcomed the secondary listing of AMTD International Inc. on its Mainboard under the stock code “HKB”.
AMTD International, a subsidiary of AMTD Group Company Limited, is a leading Asia-based comprehensive financial services conglomerate. It operates a full-service platform encompassing investment banking, asset management and strategic investment. AMTD International Inc. is listed on the New York Stock Exchange (NYSE) under the stock code “HKIB”. It is the first company with a dual class share (DCS) structure to list on SGX.
AMTD International concurrently dual-listed its US$1 billion medium term note (MTN) programme on SGX and the Hong Kong Stock Exchange. Under the MTN programme, AMTD International may from time to time issue medium term notes or perpetual securities up to an aggregate amount of US$1 billion.
Calvin Choi, Chairman and Chief Executive Officer of AMTD International, said, “Listing on SGX marks another milestone of AMTD International and AMTD Group. AMTD, being the number one independent investment bank in Asia, sees enormous opportunities in the ASEAN region with Singapore as its hub and regional headquarters. AMTD is committed to embracing Southeast Asian capital markets in particular by listing on SGX to connect more capable companies with global investors through Singapore and other Southeast Asian markets. We will leverage on Singapore’s dynamic capital market, energetic new economy sectors and diverse talent pool to create supreme connectivity between Singapore, Southeast Asia, the Greater Bay Area and the rest of China. Most importantly, we are committed to bringing into Singapore our SpiderNet ecosystem, expertise in capital markets and the new economy sector to empower local entrepreneurs, support their innovations and developments and bring their equities or bonds to ultimately list on recognised exchanges.”
Chew Sutat, Head of Global Sales and Origination, SGX, said, “We are delighted to welcome AMTD International, our first NYSE-listed company. AMTD’s decision to establish an office in Singapore, as well as list both its equities and US$1 billion medium term note programme for debt security issuances, illustrates its commitment and confidence in the long-term growth prospects of our market, region and the broader fintech industry. AMTD International has established a unique ecosystem, bridging Hong Kong and China-based companies with global markets. We look forward to working with AMTD International, its stakeholders and partners to further promote the regional capital markets and connect more companies and investors in Asia and beyond.”
The listing of AMTD International Inc. brings the total number of secondary listings on SGX to 30.
AMTD International Inc. opened at S$13.95 today.
