Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

SGX Welcomes Advancer Global To Catalist

Date 11/07/2016

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.