Original article by Matthew Stevens
The Australian Financial Review – Page: 30 : 27-Jan-16
BHP Billiton considered and ultimately rejected a proposal to abolish its dual listing when it was planning the South32 spin-off in 2015. The dual listing was previously reviewed in 2006. The future of the dual listing also came under scrutiny when Australian-listed BHP Billiton Limited had to transfer some of its profit to the London-listed BHP Billiton to enable the latter to pay a dividend in 2015. With a decision on the progressive dividend policy likely to be made in February 2016, it may then be the right time to reassess the dual listing.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, BHP BILLITON PLC, SOUTH32 LIMITED – ASX S32, RIO TINTO LIMITED – ASX RIO, LONDON STOCK EXCHANGE, ALLENS, ASCIANO LIMITED – ASX AIO, CHINA INVESTMENT CORPORATION, PORT OF DARWIN, PORT OF MELBOURNE, GLOBAL INFRASTRUCTURE MANAGEMENT LLC, LANDBRIDGE GROUP COMPANY LIMITED, PEOPLE’S LIBERATION ARMY OF CHINA