General Announcement::News release: SGX Welcomes Advancer Global 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
11-Jul-2016 09:41:33
Status
New
Announcement Sub Title
News release: SGX Welcomes Advancer Global to Catalist
Announcement Reference
SG160711OTHRKZI7
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 Advancer Global Limited to Catalist under the stock code "43Q".

Advancer Global is an established home-grown company with diverse and integrated businesses across foreign manpower sourcing, security and cleaning and stewarding services.

Its portfolio includes well-recognised names such as "Nation" (foreign domestic worker employment agency), "First Stewards" and "Master Clean" (cleaning and stewarding services), "KC Security" and "KH Security" (security services).

Gary Chin, Chief Executive Officer and Executive Director, Advancer Global Limited, said, "We are pleased to embark on the new phase of our business expansion via the listing on Catalist of Singapore Exchange. This would certainly propel Advancer Global Limited towards the next phase of our business expansion."

"We have an integrated service business model which is tailored to meet the rising demand for manpower as well as facilities management services in Singapore. We believe that through the acquisition of companies in the service sector and improving our current products, we can maintain a competitive edge and secure larger contracts," he added.

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, "We are pleased to welcome Advancer Global, a home-grown company that has created notable trademark brands and provides essential outsourcing services in Singapore, to list on Catalist. We look forward to partnering the company as it looks to further expand its business and strengthen its market position."

The listing of Advancer Global brings the total number of companies on Catalist to 182, with a combined market capitalisation of S$10 billion.

Advancer Global opened at $0.325 today.

-End-

Attachments

20160711_SGX_welcomes_Advancer_Global_to_Catalist.pdf
Total size =283K