The IPO that clarifies Singapore’s mineral, O&G listing rules

Author: Ashley Lee | Published: 24 Jul 2013
  • KrisEnergy’s initial public offering (IPO) was the first under Singapore’s mineral, oil and gas listing rules, which still have not been finalised;
  • Therefore deal counsel had to work closely with both the Singapore Exchange and the Monetary Authority of Singapore to ensure that the listing complied with the draft regulations. They consider the KrisEnergy deal a pathfinder IPO for other early-stage MOG companies looking to list;
  • Singapore is looking to attract more MOG companies to diversify its listings beyond Reits and business trusts. It may be a natural home for MOG companies with Southeast Asian assets.

KrisEnergy’s initial public offering (IPO) was a pathfinder deal for Singapore’s mineral, oil and gas listing draft rules. It sets the standard for other companies with Southeast Asian assets looking...