Singapore Exchange (“SGX”) is pleased to welcome the listing of Neo Group Limited on Catalist, under the stock code of “5UJ”.
Since its establishment in 1992, Neo Group has grown to become one of Singapore’s leading food catering business. Its main businesses now comprise food catering and food retail.
Neo Group’s Founder, Chairman and CEO, Mr Neo Kah Kiat, said: “Today marks a significant milestone in Neo Group’s corporate history, and we are very happy to become a listed company on Singapore Exchange which has always been part of our aspiration.
"We are very heartened to see that our IPO has received an extremely encouraging response from investors, and we are now ready to take Neo Group to the next stage of growth. Moving forward, we plan to not only maintain, but also improve our position as the Number 1 events caterer in Singapore through our focused growth strategies.
"We plan to expand both our food catering business and food retail business by capturing more market share by way of strengthening our three catering brands through the introduction of new dining concepts, increasing the number of food retail outlets in the next few years, and exploring acquisitions or joint ventures where opportunities arise."
“We warmly welcome Neo Group to our Catalist board, an ideal platform for fast growing companies. We are delighted that home-grown companies like Neo Group, which have won several awards for its strong branding, entrepreneurship and service, have chosen to list on SGX to expand their business. I look forward to welcoming more of such companies to leverage on our listing platform for capital-raising and increased exposure in Asia and globally,” said Mr Lawrence Wong, Head of Listings, SGX.
Neo Group Limited, with an estimated market capitalisation of $43 million brings the total number of companies listed on the Catalist to 138.