What is Singapore catalist?
Overview. Catalist caters to the needs of fast-growing enterprises. Companies seeking a primary listing on the Catalist must be brought to list by authorised Full Sponsors via an initial public offering (IPO) or a reverse takeover. There are no quantitative entry criteria required by SGX.
What is catalist sponsor?
Sponsors are vital to the Catalist board of the Singapore Exchange (SGX). They assess the suitability of companies that want to list on the board and assist them in doing so. They also ensure that Catalist-listed companies are in continuous compliance with SGX listing rules.
What does a continuing sponsor do?
(a) As part of maintaining regular contact with its issuer, the continuing sponsor should: (i) Assess whether the issuer continues to understand its obligations under the Rules. (ii) Assess whether it is being kept up-to-date with developments at the issuer so that it can advise the company.
How many companies are on catalist?
As of May 2020, there were 215 companies listed on Catalist and 20 sponsors. Of the latter, 16 are full sponsors and four are continuing sponsors.
What is the difference between mainboard and Catalist?
A Mainboard listing is subject to review and approval by the SGX-ST and the Monetary Authority of Singapore (“MAS”) whereas a Catalist listing is supervised and approved by its appointed sponsor.
What are catalist companies?
List of Catalist Companies
| Company Name | Sponsor | Status |
|---|---|---|
| ACCRELIST LTD. | RHT Capital Pte. Ltd | Current |
| ACESIAN PARTNERS LIMITED | Asian Corporate Advisors Pte. Ltd. | Current |
| ACESIAN PARTNERS LIMITED | RHT Capital Pte. Ltd | Past |
| ACROMEC LIMITED | PrimePartners Corporate Finance Pte Ltd | Current |
What is a sponsor SGX?
Sponsors assess the suitability of companies to list on Catalist and ensure that the listed companies comply with their continuous listing obligations. A Sponsor may be authorised by SGX to act as a Full Sponsor or as a Continuing Sponsor.
What is sponsor in IPO?
Sponsors help guide the company through the initial public offering (IPO) process and also provide credibility for new investors considering the IPO investment. Leading IPO sponsors are typically investment banks that take a stake in the company as well.
What does Mainboard listed mean?
What is main board listing?
Mainboard-listed companies enjoy the prestige of an established market place and access to the widest range of institutional and retail investors. Companies may list via an initial public offer (IPO) with issue of new shares or offer existing shares to the investing public.
When did the Singapore Exchange launch Catalist 1?
The Singapore Exchange Limited (the “SGX”) lauched “Catalist 1 “, its sponsor-supervised listing platform for fast growing local and international companies on 26 November 2007. Catalist is the transformed SESDAQ (Stock Exchange of Singapore Dealing and Automated Quotation system), SGX’s then second board.
When do companies have to be sponsors for Catalist?
The first group of sponsors is expected to be announced by January 2008, which is when Catalist will be open for initial public offerings (IPOs) under the new regime. A company that wishes to list on Catalist must appoint a sponsor and, once listed, must be sponsored at all times.
Why is SAC Capital a sponsor of Catalist?
SAC Capital is one of the leaders in the market in the Catalist Sponsorship space, with a view to support the growth of our sponsored issuers. Our principal scope of services as a Catalist Sponsor is to advise and guide our sponsored issuers in relation to their continuing listing obligations, on an ongoing basis under the Catalist Rules.
Why are sponsors important to the Singapore Exchange?
Sponsors are vital to the Catalist board of the Singapore Exchange (SGX). They assess the suitability of companies that want to list on the board and assist them in doing so. They also ensure that Catalist-listed companies are in continuous compliance with SGX listing rules.