SGX welcomes OKH Global to Mainboard
Singapore Exchange (SGX) is pleased to welcome the listing of OKH Global Limited on Mainboard under the stock code “S3N”.
Sinobest Technology Holdings Ltd acquired OKH Holdings Pte Ltd for S$123 million. As part of the exercise, Sinobest Technology was renamed OKH Global and 126.8 million OKH Global shares were placed out to new investors at S$0.24 a share, raising S$30.4 million. OKH Global will use the net proceeds from the placement for general working capital.
OKH Global is primarily involved in property development and the provision of construction services and large-scale alteration and addition works in Singapore. Since its incorporation in 1998, OKH Global has been upgrading itself and is now certified for public sector projects of up to S$40 million. Some notable clients include Seatown Industrial Centre, SMRT and the Singapore Grand Prix.
Bon Ween Foong, Executive Chairman and CEO of OKH Global Limited, said: “With a transformed business model, the listing of OKH Global marks our new start as a fast-growing property developer in Singapore. More importantly, our listing on SGX Mainboard will serve as a catalytic driver for the Group to further improve our capabilities and deliver continued growth in the long term.”
Lawrence Wong, Head of Listings at SGX, said: “We congratulate OKH Global on its joining of our Mainboard. The vibrancy of its sector is well-recognized, and we are delighted to be a part of OKH Global’s next stage of growth. ”
About OKH Global Limited
With integrated design-and-built capabilities, OKH Global Ltd. is a fast-growing property developer with a growing track record in developing visually-appealing and functional industrial properties in Singapore.
Distinct from its property development business in Singapore, the Group’s China subsidiaries are involved in the provision of IT services with a focus on two categories, (a) system integration for computer information systems and intelligent buildings systems and (b) software development and technical services.
Leveraging on its focus and growth momentum in property development, OKH Global Ltd. aims to further strengthen its capabilities and business presence in Singapore and beyond.
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.