Thai rubber company hopes to expand global reach with SGX listing

Sri Trang Agro-Industry Public Company Limited will be known with the “Sri Trang (NC2)” ticker symbol.

Sri Trang Agro-Industry Public Company Limited is an enterprise involved in the entire natural rubber supply chain of planting, procurement, processing and sales and distribution.

The company carries out its natural rubber supply chain operations on a multi-national platform in Thailand, Indonesia, the People Republic of China, the United States and Singapore and sells its products to customers globally.

Viyavood Sincharoenkul, Chairman and Managing Director of Sri Trang Agro- Industry Public Company Limited, said, “With Sri Trang’s successful dual primary listing on the Singapore Exchange today, we have accomplished our mission of heightening our profile as well as to enjoy greater investor recognition from the global institutional investors based here.

Our listing also solidifies our Group’s position in Singapore, a purchasing hub for key users of natural rubber, where we have a presence since April 2002 when we established Sri Trang International for the distribution of the Natural Rubber Products that we sell to customers globally.”

“With Singapore as the price discovery centre for rubber in Asia, Sri Trang can also leverage on SGX’s Asian Gateway positioning to reach and fortify their international customer network efficiently. We are pleased… to assist Sri Trang in their capital raising efforts and global expansion strategy,” said Lawrence Wong, Head of Listings, Singapore Exchange.

With a market capitalisation of $1.5 billion, the listing of Sri Trang Agro-Industry adds to SGX’s Resources Sector of 19 companies, bringing the combined market capitalisation to about $81 billion.