SINGAPORE-BASED Park Hotel Group has set its sights on listing in 2011, just in time for its 50th anniversary, although it is still mulling over the details.
‘We’re planning to list in 2011 either in Singapore or Hong Kong. We have to study the different criteria and policies the two stock exchanges are offering,’ director Allen Law told BT in an interview.
One issue that the group is still undecided on is whether to list as an equity or as a real estate investment trust (Reit). Other factors, such as how best to mitigate foreign exchange risk, will also come into play.
‘Looking at our portfolio, Singapore . . . contributes almost 40 per cent of our total revenue. In terms of trying to manage foreign exchange risk, Singapore would be a better choice,’ he pointed out, but then went on to add that Hong Kong offers better interest rates. Continue reading
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