Prudential seeks HK listing hearing on Thursday -sources

HONG KONG, April 16 (BestGrowthStock) – Britain’s Prudential Plc
(PRU.L: ) aims to have its Hong Kong share offering plan reviewed
by exchange officials on Thursday, sources with direct knowledge
of the matter said, as it pushes ahead with the listing before a
key fundraising for its $35.5 billion takeover of AIA.

The Hong Kong Stock Exchange Listing Committee meets every
Thursday. Gaining the committee’s stamp of approval is a key step
toward listing shares on the exchange.

Because Prudential is only allowing its shares to trade on
the Hong Kong exchange, rather than pricing a standard stock
offering, the listing is expected to happen soon after it
receives approval. Shares of the company are already listed in
London.

The sources warned that the timing of the listing and of
other key events associated with Prudential’s $35.5 billion
takeover of American International Group’s (AIG.N: ) Asian life
insurance unit are subject to change.

Prudential’s Hong Kong spokesman declined to comment.

Stock Market Report

(Additional reporting by Denny Thomas)

Prudential seeks HK listing hearing on Thursday -sources