Singapore Exchange lists Malaysia Smelting Corporation

The listing served as an endorsement of MSC’s strong business fundamentals and industry prospects.

Singapore Exchange is pleased to welcome the listing of Malaysia Smelting Corporation Berhad (MSC) on Mainboard, under the ticker symbol of “MSC 100 (NC9)”.

MSC, one of the world’s leading integrated producers of refined tin metal, has both tin mining and smelting capabilities with operations mainly in Malaysia and Indonesia. MSC is a subsidiary of SGX-listed The Straits Trading Company Limited and has been listed on Bursa Malaysia since 1994.

“We are heartened by the Singapore investing community’s enthusiastic response to our Offering. This is an endorsement of our strong business fundamentals and industry prospects. MSC is at the threshold of exciting growth, given tin’s wide-ranging applications and the growth opportunities in the tin industry. With our secondary listing in Singapore, we are poised to tap opportunities in both Malaysia and Singapore to propel our Group to our next phase of growth, “said Dato’ Seri Dr Mohd Ajib Anuar (“Dato’ Seri Ajib”), Chief Executive Officer and Executive Director, Malaysia Smelting Corporation Berhad, in a report in SGX.

“We warmly welcome Malaysia Smelting Corporation Berhad (MSC), one of the world largest suppliers of refined tin metal, to the SGX family. We are pleased to provide a platform to assist MSC in their growth expansion plans and efforts to reach out to more investors. Their listing will add to our growing pool of resource companies,” said Mr Lawrence Wong, Head of Listings, Singapore Exchange.

With a market capitalisation of S$ 175 million, the listing of MSC brings the number of listed companies in the “Resource” sector of Singapore Exchange to 18, with a combined market capitalisation of more than S$79 billion.