SGX Welcomes United Global To Catalist

Singapore Exchange (SGX) today welcomed United Global Limited to Catalist under the stock code “43P”.  
United Global is a Singapore-based lubricant manufacturer and trader with a vast distribution network covering over 30 markets. The company provides a wide range of lubricants and specialty fluids for the automotive, industrial and marine industries. United Global also owns a lubricant blending facility in Singapore, with an annual production capacity of 44,000 metric tonnes.  The facility is supported by an in-house laboratory for quality control and customisation of products to meet customers' needs.

Jacky Tan, United Global’s Executive Director and CEO, said, “We are pleased with the successful listing of United Global Limited on Catalist, which marks a major milestone for the company. We would like to thank everyone for their support and will strive to grow the company further.”

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, “We are pleased to welcome United Global, a home-grown company that has spread its wings to many overseas markets, to list on Catalist. We look forward to partnering the company as it enters a new growth phase as a public company.”

“We are also pleased that United Global had benefitted from SGX’s collaboration with SPRING Singapore by tapping on SPRING’s Capability Development Grant to improve its internal control processes and enterprise risk management framework prior to going public.”

The listing of United Global brings the total number of companies on Catalist to 181, with a combined market capitalisation of S$10 billion.

United Global opened at $0.28 today.