General Announcement::News Release: SGX welcomes Reclaims Global 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
11-Mar-2019 09:38:11
Status
New
Announcement Sub Title
News Release: SGX welcomes Reclaims Global Limited to Catalist
Announcement Reference
SG190311OTHR8GI3
Submitted By (Co./ Ind. Name)
Singh-Yeo Wan Xin
Designation
Assistant Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Reclaims Global Limited to its Catalist under the stock code "NEX".

Based in Singapore, Reclaims Global Limited is an eco-friendly integrated service provider in the construction industry, specialising in the recycling of construction and demolition waste, customisation of excavation solutions and operating fleet management. The company has three business segments, namely recycling, excavation services as well as logistics and leasing.

Andrew Chew, Chief Executive Officer and Executive Director, Reclaims Global Limited said, "Today, the listing of Reclaims Global marks another significant milestone for the Group, after celebrating our 10th Anniversary on January 30, 2019. The listing on the Singapore Exchange will enhance our visibility as an eco-friendly integrated service provider in the construction industry, and more importantly, it will provide access to funds as we continue to expand our operations and recycled product range."

Mohamed Nasser Ismail, Head of Equity Capital Markets, SGX, said, "More companies are striving to achieve environmental sustainability, driven by environmental concerns of their end customers. Total construction demand in Singapore is also expected to remain strong, backed by sustained public sector construction demand for infrastructural projects. We are delighted to welcome Reclaims Global Limited to Catalist, and we look forward to supporting its fund raising activities and environmentally-responsible initiatives."

With a market capitalisation of about S$30 million, the listing of Reclaims Global Limited brings the total number of companies listed on Catalist to 217, with a combined market capitalisation of about S$10 billion.

Reclaims Global Limited opened at S$0.179 today.

Attachments

20190311 SGX_welcomes_Reclaims_Global_Limited_to_Catalist.pdf
Total size =574K