||Asean Affairs 27 May 2013
SGX welcomes Soilbuild Construction to Mainboard
Singapore Exchange (SGX) is pleased to welcome the listing of Soilbuild Construction Group Ltd on the Mainboard under the stock code “S7P”.
Soilbuild Construction is a Singapore-based construction group with a track record of more than 36 years. Engaged in building works, architectural works and project management services, Soilbuild has handled a wide range of commercial and residential projects. With multiple architectural and environmental awards under its belt, Soilbuild Construction is looking to expand its presence in Myanmar.
Mr Lim Chap Huat, Executive Chairman of Soilbuild Construction Group Ltd, said: “We are delighted with the favourable response from investors to our public listing on SGX. The listing will give us a higher profile and enable Soilbuild Construction to grow its business to the next level as it expands its suite of services and extend its foothold into the public housing sector as well as the overseas market.”
Lawrence Wong, Head of Listings at SGX, said: “We congratulate and welcome Soilbuild Construction on its listing on the Mainboard. The Company is operating in a vibrant sector of our economy, and SGX is pleased to provide the funding platform for its further growth while adding another investment choice in this sector to our investors. ”
With a market capitalisation of about S$160 million, Soilbuild Construction brings the total number of listed companies on SGX to 773 with a combined market capitalisation of S$1 trillion (US$803 billion).