Probably not so good based on historical liquidity. Below are...

Probably not so good based on historical liquidity. Below are the criteria recommended on poage 3 of the ASX report from May last year taht looked at foriegn listings. see http://www.asx.com.au/about/pdf/consultation_foreign_domiciled_companies.pdf

The main game is canada these days. Where they go, we will largely follow imho. But they are not getting my CDIs for some time yet.


Summary of proposal to accommodate foreign secondary listings in S&P/ASX indices
Foreign secondary listings will be considered for inclusion in the S&P/ASX indices where:
• The company is not a foreign-exempt listing;
• A company must have a broad spread of shareholdings through the Australian market-Australian
Registered Shareholders (ARS) must be greater than 300 (by number), with no dominant
shareholders, for example no greater than 33% of ARS.
• The company will be evaluated for index inclusion on the basis of its ARS, both for the purposes of
assessing market capitalisation and measuring liquidity;
• Index capitalisation (and index weight) will be the lower of the free float capitalisation, or the
minimum ARS capitalisation in the previous six months;
• The company will be allocated to S&P/ASX size indices on the basis of full equity capital (not
adjusted market capitalisation) to capture the true risk/return profile of the company; and
• The index treatment of foreign secondary listings currently included in the S&P/ASX indices will be
grandfathered.
• The All Ordinaries index will continue to be constructed, comprised of the S&P/ASX 300 plus an
additional 200 domestic stocks based on market capitalisation.