Singapore Exchange Expands Its Resource Sector With Listing Of Sri Trang Agro-Industry On Mainboard

Singapore Exchange (“SGX”) is pleased to welcome the listing of Sri Trang Agro-Industry Public Company Limited (“Sri Trang”), a leading rubber producer in Thailand and globally, on Mainboard, under the ticker symbol of “Sri Trang (NC2)”.

Sri Trang is an integrated natural rubber business involved in the entire natural rubber supply chain of planting, procurement, processing and sales and distribution. Sri Trang carries out its natural rubber supply chain operations on a multi-national platform in Thailand, Indonesia, the People Republic of China, the United States and Singapore and sells its products to customers globally.

Said Dr. Viyavood Sincharoenkul, Chairman and Managing Director of Sri Trang Agro-Industry Public Company Limited, “With Sri Trang’s successful dual primary listing on the Singapore Exchange today, we have accomplished our mission of heightening our profile as well as to enjoy greater investor recognition from the global institutional investors based here.

We are also heartened by the quality investors that we have onboard as this reflects a strong recognition of Sri Trang’s leading position as a dominant natural rubber player with an integrated natural rubber business on a multi-national platform.

Our listing also solidifies our Group’s position in Singapore, a purchasing hub for key users of natural rubber, where we have a presence since April 2002 when we established Sri Trang International for the distribution of the Natural Rubber Products that we sell to customers globally.”

“We warmly welcome Sri Trang Agro-Industry, one of the largest processers of natural rubber globally, to the SGX family. With Singapore as the price discovery centre for rubber in Asia, Sri Trang can also leverage on SGX’s Asian Gateway positioning to reach and fortify their international customer network efficiently. We are pleased to be your preferred overseas listing venue to assist Sri Trang in their capital raising efforts and global expansion strategy,” said Mr Lawrence Wong, Head of Listings, Singapore Exchange.

With a market capitalisation of $1.5 billion, the listing of Sri Trang Agro-Industry adds to our Resources Sector of 19 companies, bringing the combined market capitalisation to about $81 billion.