Waste management and disposal company Shanaya Limited has joined the Singapore Exchange’s (SGX) Catalist board on Aug 19.
The listing comes after the reverse takeover (RTO) of CPH Limited. The RTO was completed on Aug 18.
Shanaya Limited is one of the leading waste management companies in Singapore specialising in serving the shipping and cruise industries.
The company will be trading under the stock code “SES”.
The listing brings the total companies listed on the Catalist board to 217 with a combined market capitalisation of $13 billion.
“The listing on the Singapore Exchange marks the beginning of an exciting phase in Shanaya’s growth and attests to the strength of the Shanaya brand in the waste management and recycling industry in Singapore,” says Mohamed Gani Mohamed Ansari, CEO & executive director of Shanaya Limited.
“This would definitely enhance our visibility as a leading waste management, treatment, and recycling service provider for the shipping and cruise industries in Singapore. More importantly, it will position us better to access the capital markets as we continue to expand our waste management operations with the enlarged capacity afforded by our new Tuas Facility. We are grateful for the support from our shareholders and will continue to forge ahead to take Shanaya to greater heights,” he adds.
See also: Food manufacturer OTS Holdings files IPO prospectus; to list on SGX’s Catalist board
Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, welcomed the listing saying, “The company has a proven track record and strong customer base, and is scaling up its operations to provide a more comprehensive range of services.”
“With Singapore aiming to become a Zero Waste Nation and shifting towards more sustainable production and consumption, we look forward to supporting Shanaya Limited in its endeavour to grow and further promote resource sustainability.”
As at 10.50am, shares in Shanaya are trading 0.5 cent higher or 1.89% up at 27 cents.
Photo: Shanaya's website
