Game Changer?

In their 4th quarter earnings release, Golden Ocean Group Limited announced that it had begun the process of pursuing a secondary listing in Singapore with the goal of accessing the growing Asian investor market. The company already has an operational presence in Asia and saw the opportunity offered by the July 2009 Memorandum of Understanding between the Singapore Exchange (“SGX”) and the Oslo Bors, which facilitated a simplified and accelerated dual listing process between the exchanges.

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