P&O To Pull Hong Kong Listing

Peninsular and Oriental Steam Navigation Co. decided to withdraw the secondary listing of its deferred stock from the Stock Exchange of Hong Kong at the close of May 8. "The company's reason for withdrawing its listing on the stock exchange is due to the small number of stockholders using this listing facility and the low volume of trading in the deferred stock on the stock exchange," the company said. It said there was an aggregate nominal value of 1,663 pounds, representing less than 0.0003 percent of the deferred stock of the company, listed on the stock exchange as of March 15. The number of stockholders registered on the Hong Kong Register at that time was five.