OREANDA-NEWS. Singapore Exchange (SGX) today welcomed Wong Fong Industries Limited (Wong Fong Industries) to Catalist under the stock code “1A1”.  

With an established track record spanning 52 years, Wong Fong Industries is one of Singapore’s leading providers of land transport engineering solutions and systems, with business presence in Singapore, Malaysia and the People’s Republic of China.

Wong Fong Industries has four complementary businesses comprising equipment sales, projects (including designing and customisation of products), repairs and servicing, and training. It has established a broad customer base with more than 3,000 customers from a variety of industries including logistics, infrastructure development, waste management, defence, and landscaping and mobility support.

Jimmy Lew, Executive Chairman, Wong Fong Industries, said, “We are proud to have transformed from a modest vehicle servicing business operating out of a single workshop to one of the leading land transport engineering companies over the last 50 years. The listing of Wong Fong Industries on Catalist marks another milestone for our Group and we are encouraged by the heartening response received from investors. We believe the listing on Catalist will provide us with a strong platform to bring us to our next growth stage and also enhance the public image of our Group.”

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, “We are pleased to welcome Wong Fong Industries, a company of rich history that embraces a culture of innovation. We look forward to partnering the company as it continues to expand and diversify its product offerings and further innovate to raise productivity and scale up its business. ”

The listing of Wong Fong Industries brings the total number of companies on Catalist to 183, with a combined market capitalisation of S$10 billion.

Wong Fong Industries opened at $0.42 today.