Hong Kong Chief Executive John Lee is seeking to convince oil giant Saudi Aramco and its units to consider a secondary listing in the Asian financial hub as he embarks on his first official visit to the Middle East, according to the South China Morning Post.
Lee is kicking off a campaign to attract new investment to the city following almost three years of pandemic isolation. The leader will meet top executives of Saudi Aramco and highlight what Hong Kong has to offer as an international financial center, according to the report, which quoted the leader as saying he will try his best to encourage the oil producer to list in the city.
Hong Kong has been a popular center for sovereign funds and companies to list, the report cited Lee as saying Sunday after arriving in Saudi Arabia’s capital, Riyadh. Aramco’s businesses are “very diversified with its different subsidiaries” and the plan is to “encourage them to come to Hong Kong for participation, including listing in the city,” the South China Morning Post quoted him as saying.
Saudi Arabian Oil Co., as the $2 trillion company is formally known, listed in Saudi capital Riyadh in 2019. Prior to the company’s $29 billion share offering, the world’s largest on record, it opted to shun an international listing.
No comments:
Post a Comment