Husky Energy Says Exploring Potential Secondary Listing in Hong Kong
Husky Energy Inc (HSE.TO) said on Monday it is exploring a potential secondary listing of its shares on the Hong Kong Stock Exchange, Reuters reported.
The announcement confirms reports out of Asia that Canada's No. 3 oil producer and refiner, controlled by billionaire Li Ka-shing, had applied to list in Hong Kong. Husky said it intends to maintain its primary listing on the Toronto Stock Exchange.
"The Potential Secondary Listing of Husky's shares on the HKSE is under consideration as we believe it could potentially enhance investors' awareness of the company and its growth opportunities," Chief Executive Asim Ghosh is cited as saying in a release.
There is no certainty or assurance that approval from the HKSE and relevant authorities will be granted for the potential secondary listing, Husky reportedly said. The company reportedly added no final decision has been made by its board on whether to proceed with a secondary listing.
"Husky will make further announcements in relation to the potential secondary listing at the appropriate time," the company is cited as saying.
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