Zhongmin Baihui Retail Group enters SGX Mainboard

Under the stock code '5SR'.

In a release, Singapore Exchange announced the listing of Zhongmin Baihui Retail Group Ltd on Mainboard, under the stock code, “5SR”.

First listed on Catalist in 2011, Zhongmin Baihui Retail Group operates 10 department stores in Xiamen, Quanzhou and Zhangzhou cities in Fujian province and Nanjing city in Jiangsu province, China.

Chen Kaitong, CEO and Executive Director of Zhongmin Baihui Retail Group, said: “Our goal is to be the leading department store operator in Fujian province, and this transfer to the Mainboard cements our position as a premier Singapore-listed stock with direct exposure to the retail industry in China.

We hope that this transfer will raise our profile among the investment community and help us to grow even further.

We are grateful to all our shareholders, business partners, staff, and customers who have contributed to our success.”

Lawrence Wong, Head of Listings, SGX, said: “We are pleased that another of our Catalist companies, Zhongmin Baihui Retail Group, is transferring to the Mainboard.

We look forward to them leveraging on this new platform, including active engagement with their shareholders, to grow their business.”