According to Oiltek in its July 21 announcement, the proposed secondary listing can potentially increase the liquidity of its shares and enhance the company’s value through a separate trading platform.
Oiltek says this move can let it tap into additional platforms for future fund-raising and provide it with the flexibility to access different equity markets.
It has appointed principal financial advisers in Malaysia and Singapore to commence the preparatory work.
Oiltek shares gained 0.68% to change hands at 74 cents as at 9.25 am.
