Singapore Exchange (SGX) just announced that has welcomed Capital World Limited to Catalist under the stock code “1D5”.
Based in Johor, Malaysia, Capital World Limited is an integrated property developer that focuses on working with landowners on a joint venture basis to enhance the value of the landowner’s land asset. Through such joint ventures, Capital World Limited undertakes the conception, design and implementation of integrated property development projects, while minimising capital outlay for the acquisition of land banks.
Capital World Limited is currently developing an integrated development comprising Capital 21 mall – set to be Johor Bahru’s largest shopping mall – as well as a hotel and serviced suites, and serviced apartments located in Johor. It has two other projects being planned – an integrated development project comprising a retail mall, office suites, hotel and residential apartments in Johor; and a Wellness Hub in Perak.
Siow Chien Fu, the Company’s Executive Director and CEO said:
The successful listing on SGX marks a strategic milestone of the Group. As we embrace a new chapter as a listed corporation on SGX, on behalf of the Company, I would like to express my deepest gratitude to all our shareholders for their support.
Backed by our strong brand and niche business model, we believe that this listing on SGX provides us with an access to the capital market in Singapore, an international financial hub and serves as a platform with diversified financing options for us to fund our future growth. This is the beginning of our growth phase as we strive to establish a global brand and deliver greater value to our shareholders going forward,” he added.
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, commented:
We are delighted to welcome the listing of Capital World Limited on the SGX Catalist. Capital World Limited is an innovative property developer with a unique business model and recognised for its ability to introduce fresh entertainment and retail concepts in Malaysia. We look forward to supporting the company as it looks to propel to its next stage of growth.
With a market capitalisation of more than $250 million, the listing of Capital World Limited brings the total number of companies listed on Catalist to 193, with a combined market capitalisation of more than $12 billion. The total number of real estate entities listed on SGX is now 98, with combined market capitalisation of more than $170 billion.
Capital World Limited opened at $0.198 today.