BBC World Business Report: Prudential Asian Share Listing

Prudential launches its dual primary listing in Hong Kong and secondary listing in Singapore this Tuesday, paving the way for more Asian investors to buy its shares. Asian investors will then have until 4 June to decide whether they want to participate in the rights issue, in which the insurer will make a discount offer of 11 new shares for every two that they own at £1. 04 ($2.09) each. In Prudential's record-breaking offering, the firm wants to raise $21bn towards financing its $35.5bn offer for AIA, the Asian business of troubled US insurer AIG. But the UK's largest insurer faces the risk of rejection by its shareholders on 7 June when it needs 75% of them to approve the rights issue. The Pru is keen to attract more Asian shareholders ahead of the meeting because some of its UK shareholders have already voiced their oppositions. (May 2010)

http://news.bbc.co.uk/1/hi/business/10150067.stm

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• Prudential
• AIA
• IPO
• share listing
• Hong Kong
• Singapore
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