General Announcement::News Release: SGX Securities welcomes 5E Resources Limited to Catalist

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-May-2022 09:11:30
Status
New
Announcement Sub Title
News Release: SGX Securities welcomes 5E Resources Limited to Catalist
Announcement Reference
SG220512OTHRASZO
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)
SGX Securities is pleased to welcome 5E Resources Limited to Catalist under the stock code "NLC".

Established since 1997, 5E Resources Limited is the fifth largest scheduled waste management services provider in Malaysia. The company provides tailored solutions to a diversified customer base, striving to maximise recovery of resources and minimise waste disposal. It operates three waste treatment plants in Johor that handle waste acid and alkaline recycling, electronic waste recovery and waste oil recycling. It also has two other complementary businesses - the sale of recovered and recycled products, and chemical trading.

Lim Te Hua, Executive Director and Chief Executive Officer, 5E Resources Limited, said, "5E Resources is one of the leading scheduled waste management services providers in Malaysia. Today, we are proud to celebrate yet another significant milestone with our successful listing on the Catalist board of the SGX securities market. The positive response we have been receiving from investors demonstrates a strong understanding about the increasing relevance and importance of the business we are engaged in, as awareness about environmental impact continues to grow. We expect demand for scheduled waste services to increase in tandem with Malaysia's economic development, population expansion as well as the continuous growth and development of the key industries we serve, are all factors that contribute to rising volumes of scheduled waste. We believe our public listing gives investors the opportunity to participate in a growing industry. Going forward, we will leverage our strong brand value and established track record to continue to expand our presence in Malaysia and to deliver long-term value to all our stakeholders."

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX Group, said, "We warmly welcome 5E Resources Limited to Catalist as it taps the capital markets to fund its growth in the scheduled waste management industry. We look forward to continue supporting the company as it scales up its business geographically and boosts its production efficiency and capacity, including in growing areas such as the treatment of high organic content waste."

With a market capitalisation of around S$38 million, the listing of 5E Resources Limited brings the total number of companies listed on Catalist to 218, with a combined market capitalisation of about S$10 billion. This listing will also add to SGX Securities' industrials cluster, which has 154 companies with a combined market capitalisation of more than S$69.4 billion.

5E Resources Limited opened at S$0.28 today.

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