“By listing on the Singapore Exchange (SGX), we are aligning our company with a market that will allow us to capture a generational growth opportunity at the convergence of AI and sustainable energy,” he says.
Concord New Energy is the first local listing of the year. Already trading in Hong Kong since 2007, CNE joins a growing roster of companies with secondary listings here. Its shares opened at 5.6 cents on Jan 6 and closed at 6.4 cents the following day.
For the company, the secondary listing is an “important step” in advancing its global business strategy, adding that the republic is strategically positioned at the “intersection of advanced artificial intelligence, next-generation energy systems and global capital markets,” says CNE global business division CEO Zhou Xiaole.
