The merger in May of the Hong Kong stock exchange and Computershare share registration businesses has enabled the Australian-born global share registration business to handle the 400,000 applications for stock in Bank of China, Asia’s biggest public offering this year.
Speaking from Hong Kong, Computershare’s Asia Pacific Group Managing Director, Stuart Crosby, explained: “We have been very excited by the challenge that an IPO of this scale has created. The Bank of China Hong Kong IPO, also represents the first major IPO since Computershare merged its registry operations with that of Hong Kong Exchanges and Clearing on 1 June 2002 – and we look forward to servicing nearly 400,000 new investors with our superior Scrip system and integrated product offering.”
With the Bank of China offering consolidating Computershare’s dominant share of the Hong Kong registry market, and a strong relationship in place with Hong Kong Exchanges and Clearing, Crosby will be hoping to service more Chinese flotations in the years immediately ahead.