SAMUDERA SHARES LISTED ON MAIN SINGAPORE EXCHANGE
Samudera Shipping Line Ltd, the Singapore-based regional container feeder operator, has obtained the approval from Singapore Exchange Securities Trading for the transfer of its shares from the SGX Sesdaq exchange to the main exchange.
Samudera said that the revised listing would give the company increased visibility to more institutional funds.
The company said it would announce the effective date of transfer at a later date.
Samudera has annual revenues of about S$350 million ($200 million) and carried 1.04 million TEUs in 1999.