KUALA LUMPUR (Sept 25): TSH Resources Bhd will be admitted to the official list of the Singapore Exchange Securities Trading Limited (SGX-ST) on Sept 26, under the stock code “TSH”.

Trading in the shares on the Main Board of the SGX-ST will commence on a “ready” basis with effect from 9.00 am (Singapore time) on the same day, according to a company filing.

According to the eligibility-to-list on the Main Board of the SGX-ST (ETL), the latest price of TSH at market close on Monday was RM1.00 per share (approximately SG$0.2918 per share), the oil palm plantation company said.

TSH opted for dual listing as it sees the exercise expanding and diversifying its shareholder base, and improving its trading liquidity.

Additionally, TSH said the dual listing will strengthen its presence in Singapore, which may attract wider research coverage from research houses in the city-state and hence, attract greater attention from international investors and traders who invest in SGX, as well as generate higher visibility for TSH’s businesses and its subsidiaries.

Shares of TSH closed unchanged at RM1 on Monday, valuing the group at RM1.38 billion.