Two years after an agreement between the Singapore bourse and the Oslo bourse was entered in 2009 to facilitate listing on both stock exchanges, so far only one Norwegian company, the Golden Ocean shipping company, has taken the opportunity of being listed in both Singapore and Oslo.
Swedish CEO of the Singapore Exchange, Magnus Bocker, says to Channel News Asia:
“We both had hoped for more companies, especially when we more than two years ago established this cooperation. We are still as enthusiastic as we were at the time, the tide has however not been fully with us since.”
Ms Bente A. Landsnes, CEO of the Oslo Stock Exchange, agreed. She said:
“Disappointed is the wrong word to say, because when we agreed to sign our partnership in 2009, the financial crisis had already happened, so we knew in 2009, the market was very turbulent and it was difficult for companies to start listing.
The idea with the arrangement is, that companies based in Southeast Asia may seem even more attractive to Western investors, who may now favour companies with an Asian growth story instead of their own domestic stocks.
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