General Announcement::News release: SGX welcomes Samurai 2K Aerosol to Catalist

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Jan-2017 10:03:22
Announcement Sub Title
News release: SGX welcomes Samurai 2K Aerosol to Catalist
Announcement Reference
Submitted By (Co./ Ind. Name)
Ho Lily
AVP, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Samurai 2K Aerosol Limited ("Samurai 2K") to Catalist under the stock code "1C3".

Established in 1997, Samurai 2K is a Malaysia-based aerosol coating specialist with a focus on high performance coating solutions for the automotive refinishing and refurbishing industry. The company manufactures, distributes and markets its products under its own brands to customers in Southeast Asian markets including Malaysia, Indonesia, Thailand and the Philippines.

Ong Yoke En, Chief Executive Officer and Executive Director of Samurai 2K, said, "We are delighted to be the first company to be listed on the SGX Catalist in 2017. This journey began 20 years ago and today, Samurai 2K is one of the leading market players in the automotive refinishing and refurbishing industry, offering about 800 types of products under 8 different proprietary brands in 3 product segments. We achieved this growth through a strong track record of operational excellence and technological breakthroughs, with a continued focus on R&D. We are optimistic that the capital market platform, with the support and endorsement of our stakeholders, will place Samurai 2K on the trajectory to grow from strength to strength."

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, "We are delighted to welcome the listing of Samurai 2K. Having established itself as a market leader in Malaysia and Indonesia, we are hopeful its listing on SGX Catalist will propel the company to greater heights and raise the profile of its proprietary brands and products in the Southeast Asian and international markets."

The listing of Samurai 2K brings the total number of companies on Catalist to 186, with a combined market capitalisation of $10 billion.

Samurai 2K opened at $0.25 today.