General Announcement::News Release: SGX welcomes OTS Holdings 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
17-Jun-2021 09:14:03
Status
New
Announcement Sub Title
News Release: SGX welcomes OTS Holdings Limited to Catalist
Announcement Reference
SG210617OTHRE4IJ
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed OTS Holdings Limited to its Catalist under the stock code "OTS".

OTS Holdings is a food manufacturing group in Singapore that produces non-halal and halal products across six house brands. Established in 1993, the company has built a strong niche in ready-to-eat and ready-to-cook meat products with key markets in Singapore and Malaysia, and its flagship brands include "Golden Bridge" and "Kelly's".

Ong Bee Chip, Managing Director, OTS Holdings Limited, said, "This IPO listing is an important milestone for OTS Holdings, accelerating our growth strategy that involves greater regional presence and diversification through new products such as plant-based food products. Along with our team, I am excited about the opportunities we have ahead of us and we look forward to welcoming new investors to join us on the next phase of OTS Holdings' journey as a brand builder in Asia's consumer markets."

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said, "We are delighted to welcome OTS Holdings Limited to SGX Catalist. With an established track record and experienced management team, OTS Holdings is well-positioned to tap on SGX's international platform to engage investors, as it continues to innovate and expand its business regionally. We look forward to supporting the company at every step of their growth journey."

With a market capitalisation of around S$49 million, the listing of OTS Holdings Limited brings the total number of companies listed on Catalist to 218, with a combined market capitalisation of about S$13 billion. Within the consumer sector, there are currently 137 companies listed on SGX with a total market capitalisation of around S$76 billion.

OTS Holdings Limited opened at S$0.30 today.

Attachments

20210617_SGX_welcomes_OTS_Holdings_Limited_to_Catalist.pdf
Total size =143K