Courage Marine revives Hong Kong listing

Singapore-listed Courage Marine looks set to get a secondary listing in Hong Kong in June, despite ditching the listing plan in April. The dry bulk owner will implement a process for the transfer of shares from the company's register of members in Bermuda to the branch register of members in Hong Kong for the listing. “The company is currently targeting a listing of the shares on the Stock Exchange of Hong Kong on or about 24 June 2011,” Courage said. Courage had abandoned a planned $40m Hong Kong initial public offering in April due to weak market conditions. The company at present owns a diversified fleet comprising four handysize vessels, four panamaxes and one capesize, representing a total of about 576,000 dwt in capacity.
(Source:http://en.portnews.ru)