PC Partner Group has announced that it received approval from the listing committee of the Stock Exchange of Hong Kong (HKEX) for the proposed HKEX delisting.
The electronics company announced a year prior its intention to convert its secondary listing on the Singapore Exchange Group (SGX) to a primary listing, and eventually delist from the HKEX.
It said back then that this is a "strategic move" for its long term business growth and development, as it plans to use Singapore as its new headquarters. PC Partner successfully listed on the SGX in Nov 2024.
On Sept 14, PC Partner proposed a voluntary delisting from the HKEX, a decision that was approved by its board on Sept 12.
The proposed delisting is still subject to approval of the shareholders at an upcoming EGM.
If the delisting goes through, shareholders can either continue holding their shares, which will stop trading on HKEX after the last dealing date, or transfer them to the Central Depository to trade on SGX.
See also: Murata Manufacturing to delist from SGX-ST on Dec 5
Shares in PC Partner closed 1 cent higher or 0.926% up at $1.09 on Nov 3.
