Chitchat Singapore Opposition vendor opt for expensive & stringent HK listing & share

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An honorable member of the Coffee Shop Has Just Posted the Following:

Singapore's Anacle Systems listed in HK instead of Singapore and share crashed almost 17% from 72 HK cents to 60 HK cents on yesterday's debut.

The listing exercise began in April 2016 for the 10-year-old company. It was more expensive and the financial checks to list in Hong Kong were very thorough, he said. It also cost more at S$4 million.

But instead of Singapore, Anacle decided to go ahead with Hong Kong because a listing there would offer more publicity and give it better access to the larger number of investors and fund managers based there. Besides, the upgrade path to the main Hong Kong Stock Exchange is also faster, Lau noted. That’s in the next one to two years compared to at least five years in Singapore, he added.
http://www.techgoondu.com/2016/12/11...list-hong-kong

Earlier, AHTC awarded a $750,000 contract for a new accounting system to Anacle System http://www.straitstimes.com/singapor...s-say-auditors

Singapore investors will better appreciate the lucrative returns from selling a $750K accounting software to town council and given SGX's relaxed financial checks (based on past experience with s-chips), Anacle could have enjoyed a massive stock rally if they had opted to list in Singapore.


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