AMTD International became the first company to be listed with a digital ceremony on the Singapore Exchange (SGX) on Wednesday, one day after the city-state's nationwide «circuit breaker» that lasts until May 4.
The company, a subsidiary of Hong Kong-based financial services conglomerate AMTD Group, is already listed on the New York Stock Exchange, and is the first with a dual-class share structure to list on the Mainboard, bringing the total number of secondary listings on SGX to 30.
As a landmark transaction, SGX held a live broadcast of the digital listing ceremony on Facebook and YouTube.
«The SGX looks forward to working closely with AMTD International, its stakeholders and partners to further promote the region’s capital markets and connect more companies and investors in Asia and beyond,» Chew Sutat, SGX senior managing director and head of global sales and origination, said during the ceremony.
Southeast Asia Ambitions
«AMTD is committed to embracing Southeast Asian capital markets in particular by listing on the SGX to connect more capable companies with global investors through Singapore and other Southeast Asian markets,» Calvin Choi, chairman and CEO of AMTD International, said in a press release.
«We will leverage Singapore’s dynamic capital market, energetic new economy sectors and diverse talent pool to create supreme connectivity between Singapore, Southeast Asia, the Greater Bay Area and the rest of China,» Choi added.
Digital Banking Aspirant
AMTD Digital, the digital finance arm of AMTD Group, in March acquired a controlling stake in Singapore digital insurance broker PolicyPal as part of its plans to build a Southeast Asian fintech platform headquartered in the city-state.
Previously AMTD received a virtual bank license in Hong Kong, in partnership with Xiaomi. It is also part of consortia bidding for digital banking licenses in Singapore and Malaysia.
