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HK-listed Chinese Pharma Firm Aiming for Secondary Listing on SGX
The Straits Times
|July 04, 2025
China Medical System Won't Issue New Shares, Will Use S'pore as Base to Expand
A Hong Kong-listed pharmaceutical company is aiming to launch a secondary listing on the Singapore Exchange (SGX) later this month.
China Medical System (CMS) filed its preliminary prospectus with the Monetary Authority of Singapore on June 27.
The proposed listing will not involve issuing new shares, and CMS will continue to be primarily traded in Hong Kong, where it was listed in 2010.
CMS said Singapore is the "ideal launch place" for its high-value innovations, given the country's highly developed economy, robust IP protections, skilled talent pool and trade agreements.
It will use Singapore as a base to expand across South-east Asia and the Middle East, while employing the listing here to attract funds.
Esta historia es de la edición July 04, 2025 de The Straits Times.
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