F&B firm TSH Corporation debuts on SGX Catalist

It opened at $0.038 apiece.

F&B operator TSH Corporation kicked off its Catalist listing at the Singapore Exchange (SGX), an announcement revealed. It opened at $0.038 apiece.

“The F&B scene in Singapore is a vibrant one, supported by a growing segment of consumers with more sophisticated palates and increasing affluence,” Mohamed Nasser Ismail, head of equity capital markets at SGX, said. “As TSH Corporation Limited seeks to expand in Singapore and regionally, SGX looks forward to supporting them in this new chapter of growth.”

With a market capitalisation of about $27m, TSH brings the total number of companies listed on Catalist to 215, with a combined market capitalisation of about $10b.

“It [listing] enhances the group’s visibility as we work to partner with distilleries across the world and ride on the increasing demand for and consumption of whisky in Singapore,” TSH Corporation CEO and executive director Chua Khoon Hui commented.