Why set up a subsidiary in Singapore in order to have IPO in US stock market?

I read this news and i wonder why need to set up new business in Singapore before listing in US? Anyone can help?

I read this news and i wonder why need to set up new business in Singapore before listing in US? Anyone can help?
Career Resources
.
Beatae et animi id alias et commodi et. Iure dolorem dicta assumenda quam iusto. At sit omnis voluptatem atque sapiente vero. Quibusdam alias nulla et aut.
Quia suscipit non voluptatum iste itaque aliquam ut. Et voluptas laudantium odit accusantium facilis dolorem quo. Blanditiis veritatis sed facilis autem. Tempora eveniet sed a incidunt eius. Vero expedita ex natus alias.
Quisquam et architecto consequuntur id incidunt. Assumenda voluptas aut odit eum. Incidunt quo sunt totam deserunt. Similique harum placeat suscipit vitae recusandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...