Wuxi Taclink Optoelectronics Technology (SHA:688205) is looking to raise $200 million from a listing in Singapore, Bloomberg reported Friday, citing people familiar with the matter.
The listing is seen as a rare move for a company already listed in mainland China, the report said.
Haitong International Securities and Oversea-Chinese Banking Corp or OCBC (SGX:O39) are helping with Wuxi Taclink's listing in the city-state, Bloomberg said.
A potential listing could draw companies to the Singapore Exchange (SGX:S68) as the bourse has seen net delisting over the years, the news outlet said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
