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Singapore Exchange (SGX) announced today that Bund Center Investment Limited (BCI) has commenced trading on its Mainboard, under the ticker symbol "Bund Center".
"We welcome Bund Center Investment to SGX. Its listing adds to our stable of real estate companies leveraging on SGX as the venue to support their business growth in the region,” said Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX.
BCI was demerged from Asia Food & Properties Limited (AFP) to hold the AFP Group’s property investments in People’s Republic of China, such as The Bund Center located in Shanghai, and the Golden Center located in Ningbo.
All BCI shares will be distributed to AFP shareholders by way of a distribution in specie for its listing.
BCI brings the total number of listed real estate companies on SGX to 24 with a combined market capitalisation of over S$30 billion. To-date, there are 763 listings on SGX.
