Comba Telecom Systems has started a secondary stock listing on the SGX-ST Singapore Exchange, in addition to its primary listing on the Hong Kong Stock Exchange. The secondary listing is expected to help the company access the securities market in Singapore and to develop the group’s presence in that market. The move should also broaden the firm’s shareholder base and fundraising channels, and so improve the liquidity of its securities in the long run.
The plan is to establish Singapore as an important hub in the APAC region.
Spin-off of Comba Network Group
Comba said it was also preparing for a spin-off and separate listing of the Comba Network Group on the SSE Sci-Tech Board, a trading platform on the Shanghai Stock Exchange for companies in high-tech and emerging sectors. Comba indirectly holds a 79.44 percent equity stake in Comba Network, which develops, makes and sells network system products such as macro cells, small cells, related extended and in-depth coverage systems, open Ran products and network services for the 5G vertical industry. Comba will likely remain a shareholder of Comba Network after the proposed spin-off and listing.
Comba expects continued strong demand for its products and services from operators constructing indoor 5G networks globally. As China adopts low-carbon environmental protection as a national strategy, the company sees an increase in demand from the three largest telecom operators in China for more energy-efficient antennas and integrated high-power base stations to extend coverage.
Comba, founded in 1995, said its wireless systems are deployed worldwide at shopping malls, airports, sports stadiums, public service buildings, and telecom operator headquarters. It has over 1,300 customers, including Vodafone, Ooredoo, Airtel, Telenor, China Mobile, China Telecom, China Tower, China Unicom and other global telecom equipment providers. Its two manufacturing bases are located in the Guangzhou Economic and Technological Development District as well as in the China-Singapore Guangzhou Knowledge City.
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