Roll the dice: Genting Hong Kong enters SGX Mainboard

Listed firms in SGX’s leisure and hospitality sector up to 36.

According to a release, Genting Hong Kong Limited, a global leisure, entertainment and hospitality enterprise, in conjunction with its secondary listing by way of introduction, made its trading debut on the Main Board of the Singapore Exchange Securities Trading Limited today.

Genting Hong Kong currently has a primary listing on The Stock Exchange of Hong Kong Limited. With the secondary listing on the Main Board of SGX-ST, the shares of Genting Hong Kong were de-quoted from the GlobalQuote platform of the SGX-ST on Friday, May 9, 2014.

Mr. Blondel So, Chief Operating Officer of Genting Hong Kong said, “This is an exciting day for us and marks an important milestone for Genting Hong Kong. A significant number of our shareholders are based in Singapore, and we appreciate their support over the years.

The secondary listing on the Main Board of SGX-ST will also raise our profile amongst the investing community in the region who are familiar with the Genting brand and its services. We aim to capitalise on this opportunity to strengthen the market’s understanding and appreciation of our business. With the dual listing status in Hong Kong and Singapore, Genting Hong Kong will be in a better position to access the capital markets in both financial centers and maximise its growth potential.”

The listing of Genting Hong Kong brings the total number of listed companies in SGX’s leisure and hospitality sector to 36 with a combined market capitalisation of $70 billion.