Emcore: Plans to Issue S-Shares and Seek Listing on Singapore Exchange
3 day ago / Read about 0 minute
Author:小编   

On November 11, Emcore (688205.SH) revealed its intention to launch an overseas share issuance program, specifically S-shares, and subsequently list these shares on the Singapore Exchange. This strategic move is designed to propel the company's globalization efforts, solidify its foothold in international markets, strengthen its overseas financing capabilities, and ultimately elevate its financial robustness, global brand recognition, and overall competitive edge.

At present, Emcore is actively engaged in discussions with pertinent intermediaries to flesh out the specifics of the implementation plan, though the final details remain to be ironed out. The process of listing S-shares entails obtaining approval from both the company's board of directors and shareholders' meeting. Additionally, it requires the necessary filings, approvals, or authorizations from regulatory bodies, including the China Securities Regulatory Commission, the Singapore Exchange, and the Monetary Authority of Singapore.

In light of the considerable uncertainties surrounding this endeavor, Emcore advises investors to exercise caution and remain vigilant about potential investment risks.