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Singapore Exchange (SGX) is pleased to welcome the listing of ISOTeam Ltd on Catalist, under the stock code, “5WF”.
ISOTeam is a Singapore-incorporated company specialising in the maintenance, upgrading and retrofitting of buildings and facilities in Singapore. With 15 years of experience, its customers include town councils in Singapore, Singapore’s Housing Development Board, property owners, developers and contractors.
Anthony Koh, CEO of ISOTeam, said: “From our humble beginnings in 1998, ISOTeam has grown to become one of the leading providers of eco-conscious Repairs & Redecoration and Addition & Alteration works in Singapore. The funds raised in today’s listing will contribute towards our plans to broaden our range of green solutions and products and expand our fleet of equipment, machinery and vehicles. In addition, we will use the proceeds to extend our expertise to new and untapped markets and business segments in the private and public sectors, and to expand our business through mergers and acquisitions. These plans will enlarge our capacity to take on the anticipated increase in the number of projects under various government initiatives.”
Lawrence Wong, Head of Listings at SGX, said: “We welcome ISOTeam to Catalist. Like other homegrown companies, it is leveraging on SGX to raise capital and access international investors for expanding their business.”
The listing of ISOTeam brings the total number of companies listed on Catalist to 135 with total market capitalisation of S$7 billion (US$6 billion).
