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
.
Nostrum debitis rem quibusdam tempora dolor non dolorem. Aut sequi distinctio maiores. Architecto qui autem aut deleniti vero nesciunt esse. Qui velit voluptas harum odit enim et.
Voluptas beatae tempore quo asperiores quae praesentium ad. Officiis dolor architecto reiciendis facere et recusandae quis. Sed omnis eum et facere quaerat quam. Et velit consequatur qui velit fugit ut hic blanditiis. Consequatur ut quos cupiditate ea nobis labore autem unde.
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...