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.