BSP exploring secondary listings on ASX

Papua New Guinea’s biggest bank Bank South Pacific has confirmed that it is currently exploring a potential secondary listing on the Australian Stock Exchange ASX.

Group chairman Sir Kostas Constantinou in a statement said BSP is aware of speculation regarding a potential secondary listing of BSP on the Australian Securities Exchange.

He said as previously announced to POMSOX, BSP has been assessing how it might improve the liquidity of its share register.

“The timing and size of any offer under the Potential Listing, will depend on a number of factors within and outside BSP's control, including prevailing market conditions and investor appetite.”

Sir Kostas said BSP will provide an update if and when there are any material developments.

 

Author: 
Freddy Mou