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Husky Energy to pursue secondary listing on Hong Kong market

Published: 18:06 30 May 2011 BST

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Canada's Husky Energy (TSE:HSE) said Monday that it is exploring a potential secondary listing of its shares on the Hong Kong Stock Exchange.

The integrated energy company said it will maintain its primary listing on the TSX.

"The Potential Secondary Listing of Husky's shares on the HKSE is under consideration as we believe it could potentially enhance investors' awareness of the company and its growth opportunities in one of the fastest growing financial markets in the world," said Husky CEO Asim Ghosh.

"The South East Asia region has been identified as a pillar of growth for the company and we are advancing several multi-billion dollar projects as part of our strategic plan.

"A Hong Kong listing could provide investors in this important capital market with easier access to participate in our business strategy."

Calgary-based Husky said that no final decision has yet been made, and further announcements can be expected at a later time. The company's shares were up nearly 1% on Monday, to trade at $29.48 as of 12:51pm EST.

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