Osaka eyes Asian markets

Osaka eyes Asian markets

TOKYO (Reuter): The Osaka Securities Exchange (OSE) plans to establish an Asian stock section in November and the first company is expected to be listed as early as next spring, an OSE spokesman said yesterday.

The section will target medium-sized companies in eager need of funding, particularly those operating in Thailand, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, the Philippines, Indonesia and China, he said.

Initial listings are likely to be mainly subsidiaries of Japanese companies in those countries. Listing requirements are expected to be less stringent than the TSE's foreign section, with profits and net capital acceptable at one-tenth of the requirements of the TSE, he said.