May 30, 2011 / 1:30 PM / 7 years ago

UPDATE 1-Husky Energy mulls secondary listing in Hong Kong

TORONTO, May 30 (Reuters) - Husky Energy Inc (HSE.TO) said on Monday it is exploring a potential secondary listing of its shares on the Hong Kong Stock Exchange.

The announcement confirms reports out of Asia that Canada’s No. 3 oil producer and refiner, controlled by billionaire Li Ka-shing, had applied to list in Hong Kong. [ID:nL3E7GU040]

Husky said it intends to maintain its primary listing on the Toronto Stock Exchange.

“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,” Chief Executive Asim Ghosh said in a release.

There is no certainty or assurance that approval from the HKSE and relevant authorities will be granted for the potential secondary listing, said Husky.

The company said no final decision has been made by its board on whether to proceed with a secondary listing.

“Husky will make further announcements in relation to the potential secondary listing at the appropriate time,” the company said. (Reporting by Euan Rocha; Editing by David Gregorio)

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