General Announcement::SGX welcomes MS Holdings 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
07-Nov-2014 10:00:13
Status
New
Announcement Sub Title
SGX welcomes MS Holdings to Catalist
Announcement Reference
SG141107OTHR5ZC5
Submitted By (Co./ Ind. Name)
Benjamin Tan
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of MS Holdings on Catalist, under the stock code of "40U".

MS Holdings is mainly focused on the rental of mobile cranes and lorry cranes. It serves more than 350 customers mainly in the construction, marine, logistics, oil and gas as well as infrastructure industries in Singapore.

Jovan Yap, Executive Director and CEO of MS Holdings, said: "With a business track record spanning more than 50 years, this IPO marks an important corporate milestone for the Group. We look forward to build on this momentum to initiate our growth strategies and expansion of our business."

Lawrence Wong, Head of Listings, SGX, said: "We are proud to welcome MS Holdings, a home-grown firm with a well-diversified customer base, relatively new fleet of cranes and strong safety record. It is well placed to ride on the positive prospects for the oil and gas industry, where demand for jack-up rigs, floating production, storage and offloading (FPSO) units and cranes is set to grow. We look forward to MS Holdings taking advantage of Catalist to expand its business."

MS Holdings brings the total number of companies on Catalist to 152 with a combined market capitalisation of S$10.8 billion.

-End-

Attachments

2014117_News release_SGX_welcomes_MS_Holdings_to_Catalist.pdf
Total size =171K