Tonghua Special Cement to list in Singapore next year

Tonghua Special Cement Co Ltd, which is based in Jilin province of China, has announced that it plans list on the Stock Exchange of Singapore (SES) early next year, according to China’s Ministry of Commerce Special Commissioner’s Office in Dalian province.

Tonghua Special Cement will be, as reported, the first non-state-owned Chinese enterprise to be listed in SES and has met the necessary requirements to do so.

Companies seeking to be listed on the SES must meet the requirement of maintaining a yearly profit before tax of US$1m and an accumulative profit before tax of at least S$7.5m in total for three consecutive years.