General Announcement::News Release: SGX welcomes GS Holdings to Catalist

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Jan-2016 09:18:34
Announcement Sub Title
News Release: SGX welcomes GS Holdings to Catalist
Announcement Reference
Submitted By (Co./ Ind. Name)
Ho Lily
AVP, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed GS Holdings Limited (GS Holdings) to Catalist under the stock code "43A".

GS Holdings is a centralised commercial dishware washing company providing an end-to-end integrated semi-automated cleaning services. The company currently has three central facilities located at 1 Senoko Avenue and Jurong East retail malls IMM and Big Box, providing services to operators of food courts, coffee shops, restaurants, hawker centres, shopping malls and the Singapore General Hospital.

GS Holdings is one of three service providers appointed by SPRING Singapore for centralised or outsourced dishwashing under the Food and Beverage (F&B) Productivity and Capability Solutions scheme that is aimed at raising capability and productivity in the sector.

Executive Chairman and Chief Executive Officer of GS Holdings Limited, Mr Pang Pok, said, "We are pleased and encouraged that our investment story resonated well with investors to have received such strong support for our IPO. This is a strong testament of our business model, investment merits and strategies as we look towards bringing GS to the next phase of growth. With the successful conclusion of our IPO, we will be well equipped to expand our operations and capitalise on the large market opportunities to enhance shareholder value."

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, "We are delighted to support GS Holdings, which is another successful local company, in its journey to increase productivity and efficiency. The company brings an innovative business model to our growth platform, and we look forward to supporting its growth as it embarks on its blueprint for greater innovation and expansion."

The listing of GS Holdings brings the total number of Catalist companies on SGX to 174, with a combined market capitalisation of S$10 billion.

GS Holdings opened at $0.28 today.