SINGAPORE: Hong Kong remains the top listing venue for Singapore companies.
That’s enabled smartphone maker Xiaomi Corp and food-delivery giant Meituan Dianping to complete multibillion dollar initial public offerings in Hong Kong. By contrast, Hong Kong saw its first REIT IPO in six years with China Merchants Commercial Real Estate Investment Trust’s debut in December. The Singapore exchange announced earlier this month that it will be removing quarterly reporting for companies, except for those associated with higher risk.
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