JBS Announces Proposal To Dual List In Brazil And US

RTTNews | hace 677
JBS Announces Proposal To Dual List In Brazil And US

(RTTNews) - Food company JBS S.A. (JBSAY.PK) announced a proposal to list company shares on the Sao Paulo Stock Exchange, using Brazilian Depository Receipts (BDRs), and the New York Stock Exchange, in order to better reflect the company's global presence and unlock value for shareholders.

The company said the dual listing strategy will accelerate its capacity for diversification and growth into more branded and value-added food products, reduce its cost of capital and generate greater returns for shareholders.

Under the proposal, Level II BDRs will be traded on B3, backed by Class A shares listed on the NYSE. Minority shareholders may cancel BDRs at any time to directly hold Class A shares. A dividend distribution linked to the dual listing will be part of the transaction, given the strategic relevance of the proposal.

The company will be subject to regulations set forth by the U.S. Securities and Exchange Commission (SEC), NYSE and the Brazilian Securities Commission (CVM).

read more
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
RTTNews | hace 6 minutos
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
RTTNews | hace 31 minutos
Sensex, Nifty Set To Follow Global Peers Higher

Sensex, Nifty Set To Follow Global Peers Higher

Indian shares look set to open higher on Tuesday, tracking firm cues from global markets as China cut its benchmark lending rates for the first time in 7 months to boost its struggling economy amid rising trade tensions.
RTTNews | hace 1h 2min
Flat Lead Called For Thai Stock Market

Flat Lead Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last nine trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,185-point plateau and it figures to see little movement on Tuesday.
RTTNews | hace 1h 39min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving up to near the 37,800 level, with gains across all sectors led by index heavyweights and technology stocks.
RTTNews | hace 2h 0min
Indonesia Bourse Due For Profit Taking

Indonesia Bourse Due For Profit Taking

The Indonesia stock market has finished higher in five straight sessions, improving more than 310 points or 4.5 percent in that span. The Jakarta Composite Index now rests just above the 7,140-point plateau although investors may lock in gains on Tuesday.
RTTNews | hace 2h 9min
Hong Kong Shares Due For Support On Tuesday

Hong Kong Shares Due For Support On Tuesday

The Hong Kong stock market has moved lower in three straight sessions, dropping more than 300 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 23,330-point plateau although it may halt its slide on Tuesday.
RTTNews | hace 2h 24min
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by technology, mining and financial stocks.
RTTNews | hace 2h 39min