It facilitates the dual listing of Israeli companies in SGX and HKEX.
Reuters reports that the Israel Securities Authority (ISA) approved a plan to allow Israeli companies traded in Singapore, Hong Kong and Toronto to dual-list on the Tel Aviv Stock Exchange (TASE).
The authority noted the growing interest amongst Israeli companies to seek Asian listings amidst the perception that Hong Kong, Singapore and Toronto are profitable markets.
The plan still requires the approval of the Israeli finance minister and the parliament’s finance committee.
Here’s more from Reuters:
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