SINGAPORE: Singapore Exchange (SGX) has welcomed Memiontec Holdings Ltd. to its Catalist under the stock code “SYM”. Memiontec Holdings Ltd. opened at S$0.225 today.
Memiontec Holdings Ltd. is a water treatment company with more than 20 years of experience in the field of water and wastewater management services, with a presence in Singapore, Indonesia and the PRC. As a one-stop integrated total solution provider in the water treatment industry, the company offers customised solutions and services for use in municipalities and a wide variety of industries.
Tay Kiat Seng, Executive Chairman and CEO of Memiontec Holdings Ltd., said, “With over 20 years of operations in the water and wastewater management industry, we have established a reputation as a one-stop integrated provider of water treatment technology and solutions. We have also built a sizeable regional business with operations in Singapore, Indonesia and the People’s Republic of China, tapping into the significant and growing demand for treated water in the region, and in particular, Indonesia. Through this listing we intend to expand our capabilities and businesses in both existing and new geographical markets, grow our pipeline of BOOT and TOOT projects, as well as hone our internal capabilities and new water treatment technologies. We would like to extend our gratitude to all our investors, sponsors and stakeholders, including SGX, for their support in ensuring the success of this listing.”
Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said, “We are proud to be a part of Memiontec Holdings Ltd’s fundraising journey as it seeks to strengthen its business in existing markets, move into new ones and further advance its water and wastewater treatment technologies. Water sustainability is a key agenda not just in Singapore but in the region. Demand for water is expected to grow exponentially along with urbanisation, industrial and agricultural needs, and the company is well-positioned to tap into this opportunity.”
With a market capitalisation of close to S$50 million, the listing of Memiontec Holdings Ltd. brings the total number of companies listed on Catalist to 218, with a combined market capitalisation of about S$9 billion.