General Announcement::SGX welcomes Serrano Limited to Catalist

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Oct-2014 11:39:38
Announcement Sub Title
SGX welcomes Serrano Limited to Catalist
Announcement Reference
Submitted By (Co./ Ind. Name)
Benjamin Tan
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of Serrano Limited (Serrano) on Catalist, under the stock code of 40R .

Serrano provides interior fit-out solutions, which involve customising, manufacturing, supplying and installing panelling products, for property development and refurbishment projects in Singapore and Southeast Asia. It also manufactures and supplies a wide range of furnishings suitable for home, office and commercial use, including modular kitchen and office systems.

Winston Chia, Executive Chairman and CEO of Serrano, said, We are grateful for the positive response from investors during our IPO, which we believe underscores the Group s business fundamentals and strong investment merits. We hope our listing on the Catalist board of SGX-ST will enhance the public image of our Group locally and overseas, and open up more business opportunities. With our listing, we are now in an even stronger position to drive our expansion plans in the emerging markets of Southeast Asia, and take Serrano Limited to the next stage of growth.

Lawrence Wong, Head of Listings, SGX, said: We are proud to welcome Serrano to SGX. With strong customer relationships and more than 80 interior fit-out projects spanning the residential, hospitality and commercial sectors in Southeast Asia under its belt, Serrano is well placed to capitalise on the growing affluence of ASEAN economies and steady construction demand in Singapore. We look forward to Serrano leveraging on Catalist to further expand its business.

With an IPO market capitalisation of S$35 million, Serrano brings the total number of companies on Catalist to 150 with a combined market capitalisation of S$11 billion.