Singapore Aim to be Asia’s Top Financial Hub is Taking a Hit
The biggest hit has been to its public markets. This year nearly $5.5 billion in market capitalization is expected to disappear from Singapore’s stock exchange when companies like Neptune Orient Lines AND SMRT delist.
“The combined market capitalization of Singapore’s stock exchange has fallen to less than $664 billion from more than $740 billion 2 years ago.”
~ Wall Street Journal
The combined market capitalization of Singapore’s stock exchange has fallen to less than $664 billion from more than $740 billion 2 years ago. The last high profile one was in 2011, a $5.5 billion offering by a trust company set up by Hong Kong billionaire Li Ka-Shing. Recently, Singapore’s reputation for handling private money has been affected by allegations at several financial institutions, which arose with fund flows connected to 1MDB.
Related Reports: Wall Street Journal
About Neptune Orient Lines
NOL is a global company with core business in container shipping. NOL is part of the CMA CGM Group, a leading worldwide shipping group founded in 1978 by Jacques R. Saadé. CMA CGM has a global presence thanks to its numerous vessels calling various ports all over the world. CMA CGM has grown continuously, and has been constantly innovating to offer its clients new sea, land and logistics solutions. Headquartered in Marseille, the Group has employees all over the world in hundreds of agencies.
Visit: Neptune Orient Lines
SMRT Corporation Ltd (SMRT) is Singapore’s premier multi-modal land transport provider. Our core businesses are in rail operations, maintenance and engineering as well as in bus, taxi and automotive services. Complementing these are our integrated businesses in retail, media and marketing, as well as properties and retail management.
We are committed to Service and Business Excellence as we strive towards our vision of “Moving People, Enhancing Lives”.
SMRT Corporation Ltd was incorporated on 6 March 2000 and was listed on the Singapore Exchange on 26 July 2000. The company enjoys an annual turnover of approximately S$1.1 billion and has total assets worth more than S$2.5 billion.
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