Smartflex Holdings Limited lists on SGX

Entry as Catalist's 134th member with S$18mln market capitalisation aimed to catch up with new technologies.

Smartflex Holdings Limited (Smartflex Holdings) has commenced trading on the Catalist board, under the ticker symbol "Smartflex", according to a Singapore Exchange (SGX) announcement.

Mr Tan Tong Guan, Executive Chairman of Smartflex Holdings said, “Our decision to list on the SGX is a strategic one as it will enable us to tap the capital market and leapfrog into our next phase of growth. With the growing trend towards mobile communications, micro-payment, and contactless transactions, we believe that we are well-positioned to ride on the robust growth potential of the high-security smart card industry. We would like to thank our partners at SGX for helping Smartflex achieve this historical milestone.”

“We welcome Smartflex Holdings to Catalist, adding to SGX’s strength in the manufacturing sector. We are pleased that Smartflex Holdings has chosen Catalist to assist them in their growth plans and to satisfy their capital raising needs,” said Mr Lawrence Wong, Executive Vice President and Head of Listings at Singapore Exchange.

Smartflex Holdings is a provider of IC module assembly and testing services for contact and dual interface smart cards, which are mainly used in the banking and finance, pay TV, telecommunications, and transportation industries.

Smartflex Holdings, with an estimated market capitalisation of S$18 million, brings the total number of companies listed on Catalist to 134 and a combined market capitalisation of S$5.5 billion.