OREANDA-NEWS. Singapore Exchange (SGX) is pleased to welcome Xandar Capital as a Full Sponsor on Catalist, its sponsor-supervised board for growth companies.

Xandar Capital is an existing Continuing Sponsor on Catalist since 8 July 2010.

As a Full Sponsor, Xandar Capital will be authorised to conduct introduction activities in connection with preparing a listing applicant for admission to Catalist or advise an issuer on a reserve takeover. This is in addition to the duties of a Continuing Sponsor, which include supervising and advising issuers on compliance with continuing obligations as well as other legal requirements post listing.

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX said, “We are delighted that Xandar Capital, an existing Catalist Continuing Sponsor has qualified to become a Catalist Full Sponsor. With increasing recognition of Catalist as an established and efficient platform for fast-growing companies to access funding for growth and go public, we look forward to expanding the pool of Catalist Sponsors to cater to the needs of listing aspirants as well as existing companies listed on Catalist.”

SGX Catalist has a total of 180 listed companies with combined market capitalisation of S$9 billion.

The addition of Xandar Capital as Full Sponsor brings Catalist’s Sponsor pool to 12 Full Sponsors and 5 Continuing Sponsors comprising 86 Registered Professionals.