General Announcement::News Release: SGX Welcomes United 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
08-Jul-2016 09:25:03
Status
New
Announcement Sub Title
News Release: SGX Welcomes United Global to Catalist
Announcement Reference
SG160708OTHR33J8
Submitted By (Co./ Ind. Name)
Ho Lily
Designation
AVP, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed United Global Limited to Catalist under the stock code "43P".

United Global is a Singapore-based lubricant manufacturer and trader with a vast distribution network covering over 30 markets. The company provides a wide range of lubricants and specialty fluids for the automotive, industrial and marine industries. United Global also owns a lubricant blending facility in Singapore, with an annual production capacity of 44,000 metric tonnes. The facility is supported by an in-house laboratory for quality control and customisation of products to meet customers' needs.

Jacky Tan, United Global's Executive Director and CEO, said, "We are pleased with the successful listing of United Global Limited on Catalist, which marks a major milestone for the company. We would like to thank everyone for their support and will strive to grow the company further."

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, "We are pleased to welcome United Global, a home-grown company that has spread its wings to many overseas markets, to list on Catalist. We look forward to partnering the company as it enters a new growth phase as a public company."

"We are also pleased that United Global had benefitted from SGX's collaboration with SPRING Singapore by tapping on SPRING's Capability Development Grant to improve its internal control processes and enterprise risk management framework prior to going public."

The listing of United Global brings the total number of companies on Catalist to 181, with a combined market capitalisation of S$10 billion.

United Global opened at $0.28 today.

-End-

Attachments

20160708_SGX_welcomes_United_Global_to_Catalist.pdf
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