Xyec Holdings enters SGX Catalist

First Japanese firm to do a primary listing in Singapore.

In a release, Singapore Exchange (SGX) is pleased to welcome the listing of Xyec Holdings Co., Ltd on Catalist under the stock code “5WR”.

Incorporated in Japan, Xyec Holdings provides engineering and IT consultancy and services to companies in major manufacturing industries in Japan, including the automobile, aerospace, IT and telecommunications industries.

Manabu Kobayashi, Executive Chairman, President and Chief Executive Officer of Xyec Holdings, said: “We are heartened by the positive response from investors for our Placement Shares, which we believe is a strong testament to our business fundamentals and investment merits.

We are also glad to be the first Japanese company with a primary listing on Singapore Exchange. Singapore’s well-developed financial market, and its reputation as an Asian hub for global manufacturers, will benefit our future business development.”

Lawrence Wong, Head of Listings, SGX, said: “We are delighted to welcome Xyec Holdings, the first Japanese company to do a primary listing in Singapore. We look forward to welcoming more Japanese companies to leverage on SGX as their preferred venue for accessing global capital to expand their business in the region.”

With a market capitalization of S$28.6 million, the listing of Xyec Holdings brings the total number of companies listed on Catalist to 138 with a combined market capitalization of S$8.3 billion.