OREANDA-NEWS. July 24, 2015. Singapore Exchange (SGX) today welcomed NauticAWT Limited (NauticAWT) to Catalist under the stock code “42D”.

NauticAWT is headquartered in Singapore and offers engineering services and contracting solutions to the oil and gas industry. NauticaAWT operates 11 offices across Southeast Asia, India, Australasia, Middle East and Latin America.

John Gr?nbech, CEO of NauticAWT said, “We are delighted by the strong support and response towards our IPO, and the successful listing of NauticAWT on the SGX-ST will provide us with the platform for the Group’s long-term growth strategy. On behalf of the Group, I would like to thank all our shareholders for their support, and recognition of NauticAWT’s potential, as we embark on our journey as a listed entity.”

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, “We are proud to welcome NauticAWT, another home-grown company to Catalist. Since its inception four years ago, NauticAWT has an established track record for providing engineering and contracting services in the oil and gas sector. We look forward to the growth of NauticAWT and its leverage of Catalist in its journey ahead.”

The listing of NauticAWT brings the total number of SGX-listed companies on Catalist to 161, with a combined market capitalisation of S\\$10 billion. SGX also has 62 companies in the marine and offshore services sector with market value of more than S\\$50 million.

NauticAWT opened at \\$0.35 today, 75% up from the offer price.