Osim stock, which was delisted from Singapore Stocks Exchange would be seeking a listing on the Hong Kong stocks markets as V3 stock. This is of interest to me since when Osim was delisted from Singapore stocks markets, I have thought that Osim would be kept as a private entity. I understand that proceeds from the V3 IPO would be used to repay a loan of $321.9 million obtained by Osim as well as for the acquisition in Futuristic, a Singapore-based store fixtures manufacturer, of a 69% stake.
The larger question that I thought would be more important is why Osim chooses to be listed in Hong Kong rather than Singapore. Could it be due to the more vibrant stocks market environment of Hong Kong as compared to Singapore? Some of the technology firms here are also choosing a listing on the Australian bourse over Singapore. Understanding the motivations …Read the full article →