Singapore Exchange (SGX) is delighted to announce the successful transition of SESDAQ companies to the Catalist sponsorship regime. All companies that are required to appoint a Sponsor have done so before the deadline of 5 February 2010. As a result, none of the Catalist companies needs to be suspended from trading.
There are 130 companies on Catalist, of which 21 are new listings and 109 have now appointed Sponsors. Only one company previously suspended will remain so until the case is resolved.
Since its launch, Catalist has been an effective platform for its growth companies in primary and secondary capital raising despite challenging market conditions. Of the new listings, 15 came on stream in 2009, raising S$84 million and adding S$535 million to Catalist market capitalisation. 25 Catalist companies also raised a total of S$318 million through secondary capital raising.
Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX said, “Two years after its launch and with the successful transition, Catalist is now well positioned as our growth board to complement the Mainboard for more established and mature companies. We expect more listings on Catalist and will continue to enhance its attractiveness with new sectors and a larger pool of Sponsors.”
For a complete list of Catalist companies and Sponsors, please visit the Catalist website at www.sgxcatalist.com
