INFINITY DEV plans to conduct a potential dual primary listing of its common shares on the Kelly Board of the Singapore Exchange
INFINITY DEV announced plans for a potential dual primary listing on the Catalist board of the Singapore Exchange. The plan is subject to approval from relevant regulatory authorities and the Singapore Exchange, and must meet all conditions. The board noted that the realization of the potential dual listing is uncertain, and no formal application has yet been submitted to the Singapore Exchange. Even if the listing is successful, existing shares will not automatically be listed for trading on the Singapore Exchange
According to the Zhitong Finance APP, INFINITY DEV (00640) announced that the board of directors has resolved to proceed with a potential dual primary listing of the company's ordinary shares on the Catalist board of the Singapore Exchange Limited, subject to (including but not limited to) (i) approval from the relevant regulatory authorities and the Singapore Exchange; (ii) meeting all conditions required for the completion of the potential dual listing; and (iii) depending on the prevailing market atmosphere and conditions at the time of the potential dual listing. If the potential dual listing is realized, the company will be dual-listed on the main board of the Hong Kong Stock Exchange and the Catalist board of the Singapore Exchange.
The board emphasizes that the potential dual listing may or may not be realized, and as of the date of this announcement, no formal listing application has been submitted to the Singapore Exchange. Furthermore, even if the potential dual listing is realized and effective, the existing issued shares as of the date of this announcement will not automatically be listed on the Catalist board of the Singapore Exchange for trading
