According to Oiltek in its July 21 announcement, the proposed secondary listing can potentially increase the liquidity of its shares and enhance the company’s value through a separate trading platform.
Oiltek International is seeking a secondary listing on the Bursa, in a bid to widen its base of investors.
The company is one of the top-performing Singapore-listed stocks in the past year, with a gain of 390% and more than double year to date.
