SINGAPORE (Jan 17): Singapore Kitchen Equipment is seeking a dual primary listing on the Growth Enterprise Market (GEM) of The Stock Exchange of Hong Kong.

The commercial and industrial kitchen solutions provider says having a primary listing in both Singapore and Hong Kong will provide the company with ready access to two different equity markets in the Asia Pacific region.

The proposed listing will also increase market visibility of the company to potential customers, attracting investors with different profiles such as private and institutional investors and improving the liquidity of its shares.

In addition, the proceeds raised from the proposed listing can be used to fund the company’s expansion plans, including increase its factory capability as it enhances its product offerings, better positioning the company in the Hong Kong and China markets in order to follow the footsteps of its Singapore customers into these markets, and expanding into the hospitality sector.

KGI Capital Asia has been appointed as sponsor for the Hong Kong listing.

As at 2.26pm, shares in Singapore Kitchen Equipment are up 2 cents at 20 cents.