SGX Announces Its First IPO Under Catalist Rules

Singapore Exchange Limited (SGX) today announced that Catalist, its sponsor-supervised board for local and international fast-growing companies, has received its first IPO under the new rules.

Mencast Holdings Ltd (Mencast), a local sterngear equipment manufacturer and services provider, is listed on Catalist today. Established in 1981, Mencast is a major supplier to the Singapore and overseas offshore and marine industries.

Mr Philip Yeo, Chairman of SPRING Singapore, said, “We congratulate Mencast for being the first to successfully list on Catalist. This listing is testimonial of Mencast’s readiness, ability and ambition to take on more challenges and grow even bigger.”

CIMB-GK Securities Pte Ltd is the Catalist Full Sponsor for Mencast’s listing on Catalist.

Commented Mr Mah Kah Loon, Head, Corporate Finance of CIMB-GK Securities Pte. Ltd., “Mencast is the first sponsor-approved listing on the SGX Catalist. We believe that Catalist will prove, over time, to become a successful platform for local and international growth companies to raise capital in Singapore. We look forward to working with SGX to bring more companies to list on the SGX Catalist.”

Mr J Y Pillay, Chairman of SGX said, “SGX congratulates Mencast as the first Catalist IPO. Catalist is a key instrument in expanding our listing franchise, and will contribute to consolidating SGX's position as a principal Asian listing hub. Through reputed sponsors and under careful supervision, we expect to continue to attract quality IPOs, which are crucial in promoting investor interest and liquidity in the Catalist space."

For information on Sponsors and preliminary offer documents, please visit www.sgxcatalist.com