Alliance Select seeks Singapore listing


Posted at Sep 18 2012 04:13 PM | Updated as of Sep 19 2012 12:13 AM

MANILA, Philippines - Tuna canner Alliance Select Foods International Inc. is seeking to list on the Singapore stock exchange by offering Singapore depository shares. 

In a disclosure to the Philippine Stock Exchange, Alliance Select said its board of directors approved the move to pursue listing on the Singapore Exchange's Catalist Board.

The board also approved the issuance of up to 430.29 million shares from its authorized capital stock, which will be deposited with a depository bank. 

"This listing of the SDS on the SGX-ST's Catalist Board will enable Alliance to raise additional funds to finance its future growth," the company said. 

Alliance Select named CIMB Bank Bhd. as financial advisor for the proposed listing.