Shares of Singapore-listed fabric maker Foreland Fabrictech (FFHL.SI) rose as much as 11.5% on Monday to a seven-week high after it said it was planning a dual listing in Korea.
At 9:05 a.m., shares of Foreland Fabrictech were 7.7% higher at $0.14 with over 1.1 million shares traded.
At 9:05 a.m., shares of Foreland Fabrictech were 7.7% higher at $0.14 with over 1.1 million shares traded.
“This may be positive for the firm as it could improve their liquidity and boost its valuations,” said a local trader.
The company said on Monday it plans to seek a dual primary listing on the Korean stock exchange through issuing new shares or depository receipts.
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