General Announcement::SGX welcomes Huationg Global 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
09-Dec-2014 10:53:55
Status
New
Announcement Sub Title
SGX welcomes Huationg Global to Catalist
Announcement Reference
SG141209OTHRHHUS
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Huationg Global Limited to Catalist, under the stock code of 41B .

Huationg Global is a full-serviced integrated civil engineering solutions provider, with an established track record of more than 30 years. It is mainly engaged in the provision of civil engineering services for infrastructure projects, inland logistics support and the sale of construction materials.

Huationg Global offered 27.5 million shares at S$0.20 a share. Proceeds raised from the offer will be used to expand its business and for general working capital purposes.

Shares in Huationg Global opened at S$0.24 today, up 20%.

Patrick Ng, Chief Executive Officer, Huationg Global, said, We are happy with the positive response from investors during our IPO, which we believe underscores Huationg Global s strong business fundamentals and future growth potential. This listing will go a long way toward enhancing our public image, which we believe will put us in an even stronger position to capture new business as well as to drive our expansion plans in Singapore and overseas markets.

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, We are pleased to welcome another home-grown company, Huationg Global, to SGX. With its track record of completing projects on time and delivering quality civil engineering works, Huationg Global is well placed to ride the steady growth in the construction sector. We look forward to partnering the company in its growth ambitions.

The listing of Huationg Global brings the total number of SGX-listed companies on Catalist to 156, with a combined market capitalisation of S$11.2 billion.


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Attachments

20141209 SGX_welcomes_Huationg_Global_to_Catalist.pdf
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