MARKETS & INVESTING | Staff Reporter, Singapore

SMC Electric delays proposed listing, share offer

Application monies will be refunded 16 March 2020.

Electric firm SMC Electric has postponed its share offer and its proposed listing on the main board of the stock exchange of Hong Kong, according to an announcement.

The postponed listing was said to be due to several factors, including the prevailing market conditions, after consulting with the joint bookrunners.

The company noted that application monies in respect of applications made on White or Yellow forms, or those under the HK eIPO White Form service for the Hong Kong offer shares, including brokerage of 1.0%, SFC transaction levy of 0.0027% and a Stock Exchange trading fee of 0.005%, will be refunded in full without interest.

The refund will be made on 16 March 2020. 

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