Asia Global Crossing to Seek Listing in Asia, Paper Reports
By Shamim Adam
Singapore, June 20 (Bloomberg) -- Asia Global Crossing Ltd., which is building a trans-Pacific fiber-optic network, plans to sell shares in Asia, where it seeks to attract investors, the Straits Times reported, citing a Reuters report quoting Asia Global's chief executive officer, John Legere.
The company, which is currently trading on the New York Stock Exchange, plans to list its shares either in Singapore or Hong Kong around September this year.
``We're truly fully funded for our business plan,'' Legere said. ``It's more about having a listing available so that a broader group of investors could invest in our company.''
Asia Global -- a venture of Global Crossing Ltd., Japan's Softbank Corp. and Microsoft Corp. -- owns East Asia Crossing, a fiber-optic undersea network that will link Japan, Taiwan, Korea, Hong Kong, Singapore, Malaysia, the Philippines and China, when completed.
(Straits Times, 6-20, pS12) For the Web site, click on {STRA } |
