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AusNet to delist from SGX but maintain ASX listing

PC Lee Published on Wed, May 02, 2018 / 8:12 AM GMT+8

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SINGAPORE (May 2): AusNet Services is planning to voluntarily delist from the Singapore Exchange although it will continue to maintain its primary listing on Australian Securities Exchange.

"Having considered both the advantages and disadvantages of its shares being listed on the SGX, the board of AusNet is of the view that the company should no longer maintain a secondary listing on the SGX and that the delisting is in its best interests," says AusNet without providing more details.

AusNet, the transmitter and distributor of eletricity and gas in Victoria, Western Australia, has had its primary listing on the ASX, with a secondary listing on the SGX, since Dec 14 2005.