General Announcement::News Release: SGX welcomes Axcelasia Inc 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
27-Nov-2015 09:38:22
Status
New
Announcement Sub Title
News Release: SGX welcomes Axcelasia Inc to Catalist
Announcement Reference
SG151127OTHR4NBJ
Submitted By (Co./ Ind. Name)
Ho Lily
Designation
AVP, Marketing and Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Axcelasia Inc (Axcelasia) to Catalist under the stock code "42U".

Axcelasia is a provider of integrated professional services including tax advisory, business consultancy, enterprise management system application and business support. Its client base includes government-linked entities, private and public-listed companies and multinational corporations.

Axcelasia Executive Chairman Dr Veerinderjeet Singh said, "We are ready to take Axcelasia onto a bigger platform. The launch of this IPO marks a significant milestone for us as it will allow us to embark on our next phase of growth by leveraging our success in Malaysia to scale up our presence in the ASEAN region."

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, "We are pleased to welcome Axcelasia to Catalist. We look forward to supporting Axcelasia as it embarks on increasing its range of professional services and broadening its operations across the ASEAN region."

The listing of Axcelasia brings the total number of Catalist companies on SGX to 171, with a combined market capitalisation of S$10 billion.

Axcelasia opened at $0.26 today.

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