SINGAPORE: Singapore Exchange (SGX) today welcomed KTMG Limited to its Catalist under the stock code “XCF”.
Founded in 1988, KTMG Limited is an established apparel contract manufacturer with more than 30 years of experience in apparel manufacturing. The company has three facilities in Batu Pahat, Johor in Malaysia, as well as Phnom Penh in Cambodia.[the_ad id=”31605″]Lim Vhe Kai, Executive Director and Chief Executive Officer, KTMG Limited, said, “This listing marks the start of an exciting phase in KTMG’s growth. We believe that our upstream expansion, along with our co-creation business model and strong experience in apparel manufacturing, will position KTMG positively in the global market place. Listing on the SGX will allow us better access to the capital markets and enhance the Group’s visibility, to further grow our business. We will continue to forge ahead and deliver value to our shareholders.”
Mohamed Nasser Ismail, Head of Equity Capital Markets, SGX, said, “We are pleased to welcome KTMG Limited to our Catalist board. As a reputable manufacturer with strong production and management capabilities, KTMG is tapping SGX’s international platform to grow beyond its Malaysian shores. We look forward to supporting them in their new chapter of growth, as they widen their network overseas and expand upstream.”
With a market capitalisation of about S$33.9 million, the listing of KTMG Limited brings the total number of companies listed on Catalist to 217, with a combined market capitalisation of about S$10 billion.