General Announcement::News Release: SGX welcomes Eindec Corporation Limited 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
15-Jan-2016 09:37:16
Status
New
Announcement Sub Title
News Release: SGX welcomes Eindec Corporation Limited to Catalist
Announcement Reference
SG160115OTHRZFTM
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 Eindec Corporation Limited (Eindec) to Catalist under the stock code "42Z".

Eindec is in the clean air environmental and technological solutions business, with manufacturing facilities in Malaysia and Singapore and customers from the Asia-Pacific and Middle East regions. The company designs, manufactures and distributes a wide range of clean room and HVAC (heating, ventilation and air conditioning) equipment. Eindec is a spin-off from SGX Mainboard listed property developer, Weiye Holdings.

Paul Chia, Executive Director and Chief Executive Officer of Eindec Corporation, said, "The IPO marks the beginning of a new chapter in Eindec's growth story which will see the Group's diversification into the exciting air purifier market by leveraging on our expertise in clean room equipment. The IPO proceeds will be channelled towards funding our next phase of growth, where the new environmental and technological solutions products business unit will serve as its key driver."

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, "We are pleased to welcome Eindec Corporation to Catalist, as it expands its product offerings and business regionally. We look forward to supporting the company as it progresses on its growth journey."

"As a listing venue of choice, we provide access to capital for companies with different funding and business needs. The move by Mainboard listed Weiye Holdings to list its subsidiary on Catalist is testament to the strength and effectiveness of our platforms, which caters to the varying needs of companies at different stages," he added.

The listing of Eindec brings the total number of companies on Catalist to 173, with a combined market capitalisation of S$10 billion.

Eindec opened at $0.235 today.

-End-

Attachments

20160115_SGX_welcomes_Eindec_to_Catalist.pdf
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