SINGAPORE - Hong Kong-headquartered financial institution AMTD International on Wednesday made its debut on the mainboard of the Singapore Exchange at S$13.95, 8.9 per cent higher than the counter's closing price of US$9 on the New York Stock Exchange overnight.
Mr Calvin Choi, chairman and chief executive officer of AMTD Group and AMTD International, said the listing marks its official entrance into the Singapore market and domiciles its strategic hub for the company's expansion to the rest of South-east Asia. Earlier this month, S&P Global reported that AMTD International plans to list about 23.9 million ordinary shares on the Singapore bourse, and that the secondary listing will allow the firm to tap new capital resources in Singapore.
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