SINGAPORE: Singapore Exchange (SGX) has welcomed Sim Leisure Group Limited to its Catalist under the stock code (URR).
Based in Malaysia, Sim Leisure Group is a well-established developer and operator of theme parks. The Group presently operates theme parks in Penang, Malaysia, namely the ESCAPE Adventure play and ESCAPE Water play, as well as the upcoming ESCAPE Gravity play which is expected to commence operations this year.
The retro-eco ESCAPE theme parks feature design elements inspired by traditional villages and pastimes in Malaysia, focusing on affordable quality fun for the mass market.[the_ad id=”32940″]Mohamed Nasser Ismail, Head of Equity Capital Markets, SGX, said, “We are delighted that Sim Leisure Group has chosen SGX to be its fundraising partner. Theme parks are timeless and provide universal entertainment for all ages. In this region, the rise in spending power, tourism as well as infrastructure investments could bode well for the theme and amusement park industry. We look forward to supporting the Group as it embarks on new growth milestones in Malaysia, as well as expands into new markets in ASEAN and China.”
Sim Choo Kheng, Executive Director and CEO, Sim Leisure Group Limited, said, “Today marks another milestone in our quest to revolutionise and disrupt the conventional theme park business model. Listing on the Singapore Exchange will increase our visibility and provide us with the impetus to scale our business model into new markets across the region that are awaiting a new genre of affordable and healthy family entertainment.”
With a market capitalisation of about S$30 million, the listing of Sim Leisure Group Limited brings the total number of companies listed on Catalist to 216, with a combined market capitalisation of about S$10 billion. Sim Leisure Group Limited opened at $0.17 on Friday.