PS Group enters SGX Catalist

It's under stock code “5WD”.

In a release, Singapore Exchange (SGX) announced the listing of PS Group Holdings Limited on Catalist, under the stock code of “5WD”.

PS Group, incorporated in Singapore in 1994, is engaged in the supply of quality fasteners such as screws, bolts, nuts, pins, anchors, rivets and clips.

These fasteners are used for diverse industrial applications in, amongst others, infrastructure developments, structural fabrication and construction, transportation and manufacturing of heavy machinery, automotives and parts. The company has a diverse customer base of about 200 customers in more than 45 countries in Asia, the Middle East and South America.

Teo Choon Hock, PS Group’s founder and Executive Chairman, said: “We are grateful for the positive response from investors during our IPO, which we believe underscores the Group’s business fundamentals and investment merits.

We hope our listing on Catalist will not only enhance the public image of our Group locally and overseas and open up more business opportunities, but also help in attracting and retaining talent. With our listing, we are now better-equipped to drive our expansion plans, especially in the emerging markets, and take PS Group to the next stage of growth.”

Lawrence Wong, Head of Listings, SGX, said: “We are happy to have PS Group join Catalist. It is a home grown company with a considerable overseas footprint, and we look forward to its further expansion with its access to the capital market via Catalist.”

The listing of PS Group Holdings brings the total number of companies listed on Catalist to 134 with total market capitalisation of S$7 billion (US$6 billion).