16 Sep '11, 5am

Sources say Man Utd have won approval to list on Singapore stock exchange (SGX); may list as early as next month #mufc

SINGAPORE - Manchester United have won approval to list on the Singapore stock exchange, according to sources. Sources familiar with the situation told MediaCorp the club may list as early as the middle of next month, but is in no hurry to do so. They will make the decision based on prevailing market conditions. The club is expected to list both voting shares and non-voting preference shares in a bid to raise up to US$1 billion (S$1.24 billion). The sources say the Singapore state-owned investment company, Temasek Holdings, is looking at the proposal, and has not yet decided whether or not to be a cornerstone investor.

Full article: http://www.todayonline.com/Singapore/EDC110916-0000872/Ma...

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