EuroSports Global enters SGX Catalist with $74m market capitalisation

Listing to support expanson and diversification.

EuroSports Global has listed on the Singapore Exchange (SGX) Catalist under the stock code "5G1".

EuroSports Global distributes ultra-luxury and luxury brands of Lamborghini, Pagani and Alfa Romeo automobiles, and also customised automobiles supplied by Touring Superleggera. The Group also provides after-sales services as the only authorised service centre in Singapore for all the automobile brands it carries, as well as the sale of automobile parts and accessories.

In addition, the Group operates an automobile leasing business and engages in the luxury watch distribution and retail business with exclusive distributorship rights for the deLaCour brand of watches for Singapore, Malaysia, Indonesia, Thailand and Brunei.

With an estimated market capitalisation of $74 million, EuroSports Global brings the total number of listings on the Catalist board to 140 worth $9.4 billion.

Melvin Goh, Executive Chairman and CEO of EuroSports Global, said: “The listing of EuroSports Global on SGX Catalist is a major milestone for the Group as it will give us the resources to execute some of our long term plans, which include expanding our operations and diversifying into other luxury lifestyle businesses. We are heartened by the investment community’s support for our IPO as it reflects their confidence in the Group. It is now time for us to work hard and put through the plans we have for EuroSports Global, which we believe is the way to thank our investors for their support.”

Lawrence Wong, Head of Listings at SGX, said: “We are pleased to welcome another home grown company, EuroSports Global, to Catalist. Being from the lifestyle industry, their listing widens the choice for investors. We look forward to their growth as they leverage on this access to the capital markets via SGX."