IFG Assists Unique Singapore Listing ISLE OF MAN TODAY 1/6/06 ISLAND FIRM FLOATS ON SINGAPORE STOCK EXCHANGE AN e-business firm based in Douglas has become the first Isle of Man company to list on the Singapore Stock Exchange. Genting International listed its existing shares on the exchange and then completed a further initial public offer (IPO) of a further billion shares, raising $350m Singapore dollars. The company, whose shares are already listed on the Luxembourg Stock Exchange, is involved in resort development, gaming operations and IT services. It has an emphasis on South East Asia. IFG International, a corporate service provider based in Douglas, worked on the deal. David Harris, director of IFG, said: 'This was an exceedingly complex exercise which, although centred principally on issues in the Isle of Man and Singapore, involved professional advisors in numerous jurisdictions and took many months to complete. 'The documentation involved was extensive and everyone concerned had to put in long hours to ensure that the transaction went smoothly. We are delighted with the success of the listing and believe that it will help to raise the profile of the Isle of Man in Asia.' Cains advocates advised Genting International on Manx law. Mike Edwards, from Cains, said: 'The Singapore Stock Exchange has extremely high standards and all companies seeking a listing must satisfy the authorities that they can meet those standards. 'The size of the listing and the fact that the Singapore authorities were not familiar with Isle of Man companies meant that a significant amount of work was required from the team at this firm and IFG to enable the very tight timetable to be met. This was one of the biggest listings in Singapore in 2005 and it received enormous media coverage in the region.'