British insurer Prudential Plc <PRU.L> said it plans to list in Hong Kong on May 11, and also announced a secondary listing in Singapore as it prepares to fund its US$35.5 billion ($48.7 million) takeover of Asian rival AIA.

The move to list in Asia is expected to draw local investors to a US$21 billion rights issue, launched to fund its acquisition of AIA, American International Group’s (AIG) <AIG.N> Asian life insurance unit.

In a statement on Friday, Prudential said the Hong Kong Stock Exchange (HSE) had reviewed its application on April 21 and that trading in its shares was expected to begin on May 11.

It also confirmed plans for a secondary listing in Singapore on the SGX-ST, with trading also expected to begin on May 11.

Prudential said it would publish documents for each of the listings on or around May 5.