19 December 2018 - 11 Tevet 5779 - י"א טבת ה' אלפים תשע"ט
ISA approves dual-listing of companies on Singapore, HK, Toronto stock exchanges E-mail

The Israel Securities Authority (ISA) officially approved a bill in January to allow companies traded on the Singapore, Hong Kong and Toronto Stock Exchanges to dual-list on the Tel Aviv Stock Exchange (TASE).

The bill, put forward by the Chairman of the ISA, Shmuel Hauser, aims to expand duallisting to the stock exchanges of Hong Kong, Singapore and Toronto. The authority has enabled dual-listing on the London and New York Exchanges since 2000, allowing companies listed on these exchanges to also trade on TASE.

Hauser first announced his intention to expand the recognised dual-listing in May 2017. About 60 companies listed on the TASE today are also listed on London or New York, the authority said in a statement, adding that in recent years, dual-listed companies have made up 40%-60% of the Israeli exchange’s market capitalisation value. In a statement, the authority said that there is a growing interest among Israeli companies in listing on Asian exchanges, which are considered attractive markets for raising capital.

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