Strategy
Prudential Plans Hong Kong, Singapore Listing

UK's
Prudential PLC has scheduled the primary listing of its
shares in Hong Kong and secondary in Singapore on 11 May.
A listing document is expected to be released for the Hong Kong
plan on or before 5 May, the company said in a statement. The
listing will stand as a way of introduction, that is, with no
shares issued or sold to the public or investors. As for
Singapore, the secondary listing is expected to be on 11 May,
following approval from the Singapore Exchange Securities Trading
Ltd.
"The UK has been, and will remain, the largest market for our
investors and we are committed to our London listing. In
addition, we are developing two more significant trading centres
in Hong Kong and Singapore. In this context, I am delighted to be
able to announce our planned secondary listing in Singapore,"
said
Tidjane Thiam, the group chief executive for Prudential.
Prudential's listings confirm the company's commitment to both
countries, the firm said. The company had originally planned to
have a dual primary listing in Hong Kong in addition to the
London listing, but had decided to add Singapore.