Hong Kong electronics firm PC Partner eyes new home base, secondary listing in Singapore

Setting up a new headquarters in Singapore and a secondary listing in the city state form part of PC Partner’s expansion into Southeast Asia

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PC Partner Group manufactures a full range of video graphics cards, motherboards, embedded systems and video gaming hardware. Photo: PC Partner

Published: 7:07pm, 31 Aug 2024

Hong Kong computer electronics manufacturer PC Partner Group, which assembles video graphics cards based on Nvidia’s processors, will move its headquarters to Singapore as part of its expansion into Southeast Asia.

PC Partner said it has applied for a secondary listing on the main board of the Singapore Exchange by way of introduction, which is expected to involve no issuance of new shares, according to the company’s statement to the city state’s bourse late on Friday. The firm said it also plans to establish an additional factory in Indonesia.

The listing in Singapore provides a means to set up “a strategic presence in Southeast Asia … which the company believes will allow the group to capture business opportunities in these areas more effectively”, PC Partner said. “The directors are therefore of the view that the [listing] is in the interests of the company and its shareholders as a whole.”

PC Partner’s shares fell 0.9 per cent to HK$4.47 in Hong Kong on Friday. Still, its stock has risen 42 per cent this year to outperform the benchmark Hang Seng Index, which eked out a 5.5 per cent gain in the same period.

A general view of the Singapore Exchange building in the city state’s central business district. Photo: AFP

After completing its secondary listing in Singapore, PC Partner said it aims to later convert that into a primary listing – a move that will trigger a withdrawal of its listing status in Hong Kong, the company said in the statement.