The Aedge Group has joined the Singapore Exchange’s (SGX) Catalist listing on Dec 14 under the stock code “XVG”.
The Singapore-based multi-services provider provides three main services namely engineering services to various industries including oil and gas, transport services, and security and manpower services such as unarmed guard and patrol services as well as cleaning solutions and services.
The group, which has a market capitalisation of around $21 million, brings the total number of Catalist-listed companies to 218.
Together, all 218 companies have a combined market capitalisation of some $10.9 billion.
SEE:Multi-services provider Aedge launches IPO with 16 mil shares at 20 cents each
Poh Soon Keng, Aedge Group’s executive chairman and CEO says, “We are proud to have grown from our humble beginnings to become a multi-services player with a strong competitive edge of being able to offer a comprehensive range of services for the diverse needs of our customers across many industries”.
“Today, we mark another significant milestone with the successful listing of the Company. Going forward, we will continue to leverage our established track record and strong industry network to further expand and grow our businesses,” Poh adds.
Mohamed Nasser Ismail, SGX’s global head of equity capital markets, says “We are pleased to welcome Aedge Group to SGX Catalist and support the growth ambitions of another Singapore homegrown company.”
“The leadership team, led by Poh Soon Keng, built up Aedge Group over 20 years, culminating in the successful listing on SGX in the midst of a pandemic. This clearly demonstrates the management’s entrepreneurial spirit and confidence in its business. We look forward to supporting the company as they strengthen their core capabilities and enhance their service offerings,” he adds.
Shares in Aedge Group closed flat at 21 cents on Dec 14.
