Sponsors for Catalist

The Singapore Exchange (SGX) announced the inaugural sponsors for Catalist on 4 February 2008.

 

Catalist was conceptualised to move away from SGX-regulated regime for listing on Sesdaq to one that is based on disclosure-based one on Catalist. The key change is that the Catalist listing aspirant must find itself a SGX-approved professional sponsor to guide it through listing procedures and then to agree to be being supervised by the same sponsor for 3 years after initial listing. (See my earlier Blog posting Financial Tip #96.)

 

Catalist sponsors could be professional advisers from merchant banks, law firms or accountancy practices. The first batch of sponsors has now been revealed.

 

Catalist Full Sponsors (10)

CIMK-GK Securities

Collins Stewart

DBS Bank

HL Bank

Merrill Lynch (Singapore)

Morgan Stanley Asia (Singapore)

Overseas-Chinese Banking Corporation

Phillip Securities

Prime Partners Corporate Finance

UOB Asia

 

Catalist Continuing Sponsors (6)

Asian Corporate Advisors

Boulton Capital Asia

CNP Compliance

KW Capital

R&T Corporate Services

Stamford Corporate Services

 

Full sponsors are financial advisers which will get potential companies for listing on Catalist. The sponsors will then continue to see them through 3 years after the initial listing.

 

The Continuing Sponsors are involved in advisory activities and overseeing a company’s compliance and listing rules while the company stays on in Catalist. They do not get to help company to list on Catalist.

 

The current list of sponsors is expected to change or expand in the future so that more players can come on board provided they meet the SGX’s stamp of approval.

 

Written on 2/8/2008 11:31 AM

 

Copyright © 2008, the author known as LKT in Singapore.

 

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

This entry was posted in Financial Management. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.