General Announcement::SGX welcomes Aztech Global Ltd. to Mainboard

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
12-Mar-2021 09:31:29
Status
New
Announcement Sub Title
SGX welcomes Aztech Global Ltd. to Mainboard
Announcement Reference
SG210312OTHRZYYM
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
VP, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Aztech Global Ltd. to its Mainboard under the stock code "8AZ" .

With an established reputation and track record of over three decades, Aztech Global Ltd. is a key technology enabler with a focus on providing one-stop design and manufacturing services. Its product portfolio caters to the fast-growing Internet of things (IoT), data-communications and LED lighting industries. With a globally diversified customer base consisting of blue-chip companies, technology startups and networking product companies, it has over 290 customers worldwide and its products are sold in over 40 countries through multiple channels.

Michael Mun, Executive Chairman and Chief Executive Officer, Aztech Global Ltd., said, "This IPO marks a new chapter in Aztech's growth journey. Our listing on the SGX Mainboard will provide us with the resources to grow and capture greater market share, and in turn deliver value to our shareholders. As a key technology enabler, our strong technological capabilities and one-stop design and manufacturing services have enabled the Group to ride on the fast-growing IoT and data-communications sectors. We are poised to achieve strategic growth in the long run as technological adoption continues to accelerate."

Chew Sutat, Head of Global Sales and Origination, SGX, said, "We are pleased to welcome Aztech Global, a home-grown technology company, back on our Mainboard. With their expertise and resilient business model, Aztech Global is well-positioned to benefit from Singapore's strong technology ecosystem including SGX's fundraising platform. SGX looks forward to supporting them in their growth journey as they look to enhance their R&D and production engineering capabilities as well as expand their geographical footprint."

With a market capitalisation of about S$990 million, the listing of Aztech Global Ltd. will boost SGX's Technology cluster to a total of 83 listings with a combined market capitalisation of more than S$78 billion.

Aztech Global Ltd. opened at S$1.37 today.

Attachments

20210312_SGX_welcomes_Aztech Global Ltd._to_Mainboard.pdf
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