Weiye Holdings seeks dual listing

SINGAPORE- Mainboard-listed Weiye Holdings announced Tuesday that it is seeking to list its shares on the main board of the Stock Exchange of Hong Kong Limited.

The property developer said this would allow it to "have ready access to these different equity markets in Asia Pacific region when the opportunity arises".

This move would also "increase market visibility of the company and also attract investors with different profiles, thereby widening the investor base of the company and increasing the liquidity of its shares," Weiye said.

The dual listing is also in line with Weiye's focus on its business operations in the People's Republic of China, it said.

Weiye added it has appointed CLC International as the sponsor for its listing on the Stock Exchange of Hong Kong.

It, however, also said there is no certainty or assurance that the proposed listing will materialise.