General Announcement::News Release: SGX welcomes Aedge Group Limited to Catalist

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Dec-2020 09:17:29
Status
New
Announcement Sub Title
News Release: SGX welcomes Aedge Group Limited to Catalist
Announcement Reference
SG201214OTHRXN64
Submitted By (Co./ Ind. Name)
Chin May Nah
Designation
Head of Media Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of Aedge Group Limited on its Catalist under the stock code "XVG".

Aedge Group is a Singapore-based multi-services provider of a diverse range of services. It provides three principal services, namely (i) engineering services to various industries, such as oil & gas, petrochemical, marine and offshore and construction, (ii) transport services, namely premium bus services, school bus services and private bus charter, and (iii) security and manpower services including unarmed guard and patrol services, cleaning solutions and services as well as workforce solutions for different manpower needs.

Poh Soon Keng, Executive Chairman and Chief Executive Officer, Aedge Group Limited, said, "We are proud to have grown from our humble beginnings to become a multi-services player with a strong competitive edge of being able to offer a comprehensive range of services for the diverse needs of our customers across many industries. Today, we mark another significant milestone with the successful listing of the Company. Going forward, we will continue to leverage our established track record and strong industry network to further expand and grow our businesses."

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said, "We are pleased to welcome Aedge Group to SGX Catalist and support the growth ambitions of another Singapore homegrown company. The leadership team, led by Poh Soon Keng, built up Aedge Group over 20 years, culminating in the successful listing on SGX in the midst of a pandemic. This clearly demonstrates the management's entrepreneurial spirit and confidence in its business. We look forward to supporting the company as they strengthen their core capabilities and enhance their service offerings."

With a market capitalisation of around S$21 million, the listing of Aedge Group Limited brings the total number of companies listed on Catalist to 218, with a combined market capitalisation of about S$10.9 billion. Within the consumer sector, there are currently 135 companies listed on SGX with a total market capitalisation of around S$70.7 billion.

Aedge Group Limited opened at S$0.21 today.

Attachments

20201214_SGX_welcomes_Aedge_Group_Limited_to_Catalist.pdf
Total size =469K