Singapore Exchange lists ES Group Limited

SGX currently has 33 listed marine companies with total market capitalisation of more than S$46bln.

Singapore Exchange (SGX) announced that ES Group (Holdings) Limited (ES Group) has commenced trading on the Catalist board, under the ticker symbol "ES Group".

Singapore-based ES Group is primarily engaged in new building, conversion and repair of ocean-going vessels, according to an SGX announcement.

Mr Christopher Low, CEO of ES Group said, “ES Group is proud to be successfully listed on SGX Catalist. We would like to thank SGX for helping us make this important milestone in our Group’s history possible. We look forward to the future as we propel our marine and offshore business to the next stage of growth.”

“We welcome ES Group to Catalist. Its listing reinforces SGX’s strength in the offshore and maritime sector, complementing Singapore as a global maritime hub. This reaffirms Catalist as a fundraising venue for fast growing companies,” said Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX.

ES Group, with an estimated market capitalisation of S$34 million, brings the total number of offshore and marine companies listed on SGX to 33. To-date, SGX’s combined market capitalisation of the offshore and maritime sector is more than S$46 billion.