Gazprom moving to the stock exchanges of Hong Kong and Singapore

In order to maintain its market capitalization and increase the liquidity of its shares, Gazprom is considering the listing of its securities on the Hong Kong Stock Exchange. The company also intends to increase the level of its listing on the Singapore Stock Exchange, the company reports.

In June, Gazprom’s GDR's were included in the quotation list of the Singapore Stock Exchange. "The listing in Asia provides access to new classes of investors, among which are pension funds, insurance companies, Asian corporations, family funds and management companies of Asian banks," – Gazprom notes.

The Singapore Government Investment Corporation (GIC) already owns about 2% of the Gazprom’s shares, this is the second largest foreign investor of Gazprom.