Indonesian shipping firm set for first dual listing in Singapore

BLT prices Singapore offer at a 10% discount to locally listed shares, achieving a total deal size of $117 million.

PT Berlian Laju Tanker BLT is set to become the first Indonesian company to complete a dual primary listing in Singapore after it fixed the price of its S$184.3 million $117 million share offer on Monday. The shares, which will be fully fungible with the companyÆs Jakarta-listed stock, are due to start trading on October 30.

The controlling shareholder of IndonesiaÆs largest liquid cargo shipping company sold 576 million secondary shares at S$0.32 a piece, which corresponded to a 10%...

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