Singapore Exchange (SGX) is pleased to welcome the listing of IPS Securex Holdings Limited (IPS Securex) on Catalist, under the stock code of “40A”.
IPS Securex is a Singapore company providing security products and integrated security solutions to commercial entities and government bodies in Asia Pacific. Its distribution rights for its security products cover Australia, Brunei, China, India, Indonesia, Malaysia, Singapore, Sri Lanka, Thailand and Vietnam. The security solutions offered cover checkpoint security, law enforcement, protection and surveillance of buildings and critical infrastructure, as well as maintenance support and leasing services.
Kelvin Lim, Chief Executive Officer and Executive Director of IPS Securex, said: “We are pleased to be able to allow the public to share in the next lap of growth of IPS Securex through this IPO. Over the years, our strong performance and growth have been underpinned by the heightened need for security products and solutions, post-911. This strong demand looks set to continue as security remains a major concern in the region, and we foresee an increase in security-related investments by both the public and private sectors. We are excited about the potential of this industry and this IPO will help us enhance our position to be a regional player and harness the market opportunities.”
Lawrence Wong, Head of Listings, SGX, said: “We are pleased to welcome IPS Securex, another home-grown company, to Catalist. It is operating in an environment with heightened attention for security and we look forward to them leveraging on Catalist to capture these opportunities.”
The listing of IPS Securex brings the total number of companies on Catalist to 143 with a combined market capitalisation of $10.5 billion.
