Satellite communication firm appoints adviser for potential secondary listing
Satellite communications company Global Invacom Group announced the appointment of British independent stockbroker finnCap on Feb 4, as nominated adviser for a potential secondary listing of its ordinary shares.
The proposed listing is to be on the AIM of the London Stock Exchange (LSE).
The mainboard-listed firm will also consider issuing and placing new shares at the same time, in order to raise additional capital for expansion and other business plans.
Its primary listing will remain in Singapore, said the firm in a statement.