SGX welcomes GDS Global to Catalist
Singapore Exchange (SGX) is pleased to welcome the listing of GDS Global on Catalist, under the stock code of “5VP”.
Based in Singapore, GDS Global manufactures and supplies a wide range of door and shutter systems for commercial and industrial use in Southeast Asia. It was involved in some of the most prestigious projects in Singapore, including Marina Bay Sands Integrated Resort, Resort World Sentosa and Marina Bay Financial Centre. GDS Global has plans to expand its operations in the Middle East and Taiwan.
Mr Michael Wong, Chairman and CEO, GDS Global Limited, said: “We would like to thank the investment community for their support in GDS Global’s IPO. We believe this is certainly testament to our established track record as a leading specialist provider of commercial and industrial door and shutter solutions in Singapore and the South East Asia region. As part of our growth strategy, we intend to expand our operations in the Middle East, Taiwan and elsewhere, enhance our production and installation capabilities and continue to focus on product development efforts. Our status as SGX Catalist-listed company is the first step for us. Moving ahead, we will be in a better position to tap the capital markets for our growth plans and also to enhance shareholders’ value.”
Mr Lawrence Wong, Head of Listings, SGX, said: “We are pleased that GDS Global, another home-grown company, has chosen to list on Catalist. We look forward to its growth and expansion, leveraging on Catalist as others listed on this platform had done so.”
The listing of GDS Global brings the total number of companies listed on Catalist to 136 with total market capitalization of more than S$7 billion (US$6 billion).
About GDS Global Limited
GDS Global Limited is a leading specialist provider of commercial and industrial door and shutter solutions in Singapore and the South East Asia region and was ranked by Euromonitor as the leading commercial and industrial door manufacturer in Singapore for the period of 2010 to 2012.
Backed by strong technical expertise, proprietary know-how and technology-based solutions, GDS Global manufactures and supplies a wide range of door and shutter systems that can be tailored to customers’ specific needs and requirements. GDS Global also provides service and maintenance works for products supplied or installed by the Group or third parties.
The end users of the Group’s products operate across a broad spectrum of industries. Over the years, some of GDS Global’s iconic projects include Marina Bay Sands Integrated Resort, Resort World Sentosa, Marina Bay Financial Centre, Eurocopter hangar at Seletar Aerospace Park, Hamilton Scotts condominium, and JCube.
GDS Global is primarily based in Singapore, where its main manufacturing facility is located. The Group also has an operating subsidiary in the UAE, and have recently set up a majority held subsidiary in Taiwan.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most internationalised exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity futures market, centred on Asia’s three largest economies – China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia’s pioneering central clearing house. Headquartered in Asia’s most globalised city, and centred within the AAA strength and stability of Singapore’s island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products.