Prudential Plans Hong Kong, Singapore Listing

Vanessa Doctor

25 April 2010

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.