Star Cruises finds its berth on the Hong Kong Stock Exchange

The Malaysian shipping company, owned by the Genting group, will attain a listing by introduction on the HKSE this Thursday.

Following approval by the listing committee last Thursday, Asia's largest cruise operator is planning to move its primary listing from the Luxembourg Stock Exchange to Hong Kong, where it hopes to achieve greater liquidity and underline its growing commitment to the China market.

In doing so, it becomes the third company this year behind Hong Kong Exchanges Clearing HKEx and the Saint Honore Cake Shop to achieve a listing by introduction. Originally, the company had hoped to launch a public offering via Credit Suisse First Boston and HSBC, but saw the plan sunk last month by difficult market conditions.

As well as offering the company a more visible platform, a...

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