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PR Newswire
21-04-2015, 09:49 AM
The impact should be very minimum...
Singtel to delist from Australia, says no change in strategy Down Under
SINGAPORE (April 21): Singapore Telecommunications is seeking Australian regulatory approval to delist from ASX.
The telco was listed in Australia in September 2001 following its acquisition of Optus. Its securities are offered on ASX in the form of CHESS Depositary Interests (CDIs).
In the 12 months to March 31, the number of Singtel CDIs traded on ASX accounted for only 6% of all Singtel shares traded.
"This reflects institutional investors’ preference to hold and trade Singtel shares on its home exchange, the SGX," Singtel said in a statement today.
...
http://www.theedgemarkets.com/sg/article...down-under
Singtel to delist from Australia, says no change in strategy Down Under
SINGAPORE (April 21): Singapore Telecommunications is seeking Australian regulatory approval to delist from ASX.
The telco was listed in Australia in September 2001 following its acquisition of Optus. Its securities are offered on ASX in the form of CHESS Depositary Interests (CDIs).
In the 12 months to March 31, the number of Singtel CDIs traded on ASX accounted for only 6% of all Singtel shares traded.
"This reflects institutional investors’ preference to hold and trade Singtel shares on its home exchange, the SGX," Singtel said in a statement today.
...
http://www.theedgemarkets.com/sg/article...down-under
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