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SGX Welcomes Grand Venture Technology Limited To Catalist

Date 23/01/2019

Singapore Exchange (SGX) today welcomed Grand Venture Technology Limited to its Catalist under the stock code “JLB”.

Founded in Singapore in 2012, Grand Venture Technology Limited (GVT) is a manufacturing solutions and services provider for the semiconductor, analytical life sciences, electronics and other industries. With facilities in Singapore, Malaysia and China, GVT provides engineering, assembly, testing and product life cycle management solutions. The company serves a portfolio of customers that are some of the largest OEMs in their respective industries.

Mohamed Nasser Ismail, Head of Equity Capital Market, SGX, said, “We are pleased to welcome the listing of Grand Technology Venture Limited on SGX Catalist, our first IPO of the year. Singapore is a world-class precision engineering hub, which has evolved over the years to offer more innovation-based and high value production. In this era of high-tech manufacturing, we look forward to working alongside the company as they leverage advanced technology like robotics and make strides into new growth areas such as medical imaging and diagnostics.”

Ricky Lee, Executive Chairman, Grand Venture Technology Limited, said, “The listing of GVT marks the beginning of our next phase of growth. Our prudent investments and hard work over the past years are yielding good fruit, and we believe that we can go further by going public.  As we continue to build upon our past success, we look forward to creating more value and sharing the returns with our new shareholders.”

With a market capitalisation of about S$65 million, the listing of Grand Venture Technology Limited brings the total number of companies listed on Catalist to 215, with a combined market capitalisation of more than $10 billion.

Grand Venture Technology Limited opened at S$0.27 today.