Australian engineering company Civmec has announced plans to list its shares on the Australian Securities Exchange (ASX). The group, which is investing in developing naval shipbuilding capabilities, has been listed on the Singapore Exchange since 2012.
The company said in a statement on 26 October that it had appointed PwC Australia to formally evaluate options for the dual listing. It added that PwC Australia is expected to provide its report to the Civmec board during the second quarter of financial year 2018.
Civmec CEO Patrick Tallon said, “With operations based predominantly in Australia and with the company’s growth prospects substantially focused on the Australian market, a dual listing on the ASX appeared to be a complementary option for the business to consider.”
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