Richemont Group is gearing up for a dual listing. The Geneva-based holding company has announced plans to terminate its South African Depository Receipt program and list its Class A shares on the Johannesburg Stock Exchange (JSE), which is also the hometown of Johann Rupert, the Chairman and major shareholder of Richemont Group.
The listing in Johannesburg is a secondary listing meant to complement the company’s existing listing on the Swiss Stock Exchange in Zurich, with the aim of expanding the company’s trading reach and enhancing its visibility in different regions.
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