LMS, with a track record of more than 15 years, plans to expand its capacity and range of services. The latter will be done by enhancing the features and capabilities of its digital laboratory solutions. “We strongly believe in digital transformation, having invested in technology to enhance and diversify our business. Without this infrastructure in place, we cannot compete with the industry giants,” says Ooi in an interview with The Edge Singapore.
Penang-based testing and certification services company LMS Compliance is seeking a listing on the Catalist board of the Singapore Exchange (SGX) to raise funds to support its business expansion.
On Nov 22, the company launched its offer of 14 million placement shares at 26 cents each, raising gross proceeds of $3.64 million. Application will close on Nov 29 and trading will start on Dec 1. Proceeds from the IPO will be used to fund acquisitions, as well as strengthen the company’s service offerings to allow it to have an edge over its competitors in the region, says executive director and CEO Louis Ooi.
