CONCORD NE(00182) proposes a secondary listing on the Singapore Stock Exchange.

CONCORD NE (00182) announced that the company intends to propose a secondary listing of its issued ordinary shares and any ordinary shares that may be issued from time to time under the company's share incentive plan on the Mainboard of the Singapore Exchange Limited (SGX-ST) through an introduction. Unless there are unforeseen circumstances, the company plans to submit the application for the proposed secondary listing around 31st March 2025. It is expected that the proposed secondary listing will not involve the issuance of any new shares or other fundraising activities. If the proposed secondary listing is completed, the company's issued ordinary shares will continue to be traded on the Stock Exchange of Hong Kong. The Directors believe that the completion of the proposed secondary listing will enable the company to enter the Singapore securities market and enhance the group's position in that market. Although the proposed secondary listing will not involve any equity fundraising in Singapore, the company believes that it will broaden the company's shareholder base and future fundraising channels, which will in the long run benefit the promotion of the company's corporate image and enhance the liquidity of its securities.