OREANDA-NEWS. April 27, 2015. In 2014, there was a total of S\\$553 million in secondary fundraisings via equity by companies listed on Catalist. This was higher than the funds raised through Initial Public Offerings (IPOs) of new Catalist companies, which totalled S\\$345 million. Since 2009, S\\$2.7 billion has been raised through Catalist secondary raisings.

Equity Funds Raised on Catalist (in S\\$ Millions)

Source: SGX My Gateway

Catalist caters to the needs of fast-growing enterprises. There are no quantitative entry criteria required by Singapore Exchange (SGX), and companies seeking a primary listing on Catalist must be brought to list by approved Sponsors via an IPO. Thus, Sponsors will determine the suitability of applicants to be listed. The quotation, trading and settlement of a stock listed on Catalist is identical to that of a stock listed on the Mainboard.

10 Largest Secondary Fundraisings via Equity on Catalist in 2014

Of the S\\$553.1 million in secondary raisings by companies listed on Catalist last year, 10 companies raised a total of S\\$404.3 million. These 10 companies with the largest secondary fundraisings via equity on Catalist last year have averaged a 6.1% price gain in the year-to-date. In the year thus far, half of these 10 Catalist stocks have had positive gains, while the remainder have declined in their returns.

The five stocks that raised the highest amount in 2014 were REX International Holding, Alpha Energy Holdings, KLW Holdings, Singapore eDevelopment, and Communications Design International. They have a combined market capitalisation of S\\$678.4 million and raised a total sum of S\\$296.5 million last year. The operations of these five companies are widely diverse – they are associated with Oil & Gas, Technology, Materials, Advertising, and Construction and Engineering respectively. 

Among these 10 stocks, the best performers were Halcyon Agri Corporation (+33.6%), Armarda Group (+33.3%), KLW Holdings (+28.6%), Alpha Energy Holdings (+19.6%), and GSS Energy (+2.0%).

Details of the relevant stocks are below. Note the list is ranked according to the amount of secondary raisings via equity.

Company Name SGX Code Primary Industry Mkt Cap S\\$M % Price Change YTD % Change - Dividend Adj. YTD % Change - Dividend Adj. [1 Year]
REX International Holding 5WH Oil and Gas Exploration and Production 423.5 -11.8 -11.8 -42.7
Alpha Energy Holdings* 5TS Technology Distributors 80.0 19.6 19.6 -41.5
KLW Holdings 504 Forest Products 96.8 28.6 28.6 -42.4
Singapore eDevelopment 40V Construction and Engineering 26.2 -15.6 -15.6 -58.9
Communication Design International 5HT Advertising 51.9 -10.2 -10.2 -
Vallianz Holdings 545 Oil and Gas Equipment and Services 237.4 -6.6 -6.6 -47.4
GSS Energy 41F Electronic Components 122.9 2.0 2.0 -5.5
Halcyon Agri Corporation 5VJ Diversified Support Services 334.7 33.6 33.6 0.7
Armarda Group 5EK IT Consulting and Other Services 30.2 33.3 33.3 -42.9
SBI Offshore 5PL Trading Companies and Distributors 62.4 -12.3 -12.3 -
Average       6.1 6.1 -35.1

Source: SGX StockFacts (Data as of 22 April 2015) *Formerly known as JK Tech Holdings

REX International Holding, an independent exploration and production company, raised the highest amount of S\\$95.8 million in 2014 among stocks listed on the Catalist Board. The company operates through Oil and Gas Exploration and Production, and Non-Oil and Gas segments. REX International Holding was incorporated in 2013 and is headquartered in Singapore.

Alpha Energy Holdings – formerly known as JK Tech Holdings – raised the second-highest amount of S\\$64.5 million in 2014. Alpha Energy Holdings provides information technology (IT) products to small to medium enterprises, government bodies, and educational institutions in Singapore. The company operates through two segments, Supply and Delivery, and Systems Integration and Services. Alpha Energy Holdings was founded in 1990 and is based in Singapore.

KLW Holdings, a company that engages in the manufacture and supply of doors, mouldings, and wood floorings, raised S\\$58.8 million last year. The company operates through Investment, Door Business, and Property Leasing Business segments. KLW Holdings was incorporated in 1995 and is headquartered in Singapore.