OREANDA-NEWS. Singapore Exchange (SGX) today welcomed Choo Chiang Holdings Ltd (Choo Chiang) to Catalist under the stock code “42E”.

Choo Chiang is a retailer and distributor of electrical products and accessories in Singapore.  The company also operates nine retail outlets across Singapore and manages a rental property portfolio.

The Group carries a broad range of electrical products for both household and industrial use, including international brands such as Hager, Legrand, Philips, KDK and Bosch. It also manufactures and distributes its proprietary range of “CCM” and “CRM” branded products. 

Thomas Lim, Executive Chairman and CEO of Choo Chiang said, “We are very encouraged by the positive reception our IPO garnered from investors, which we believe points to Choo Chiang Holding’s healthy business fundamentals and growth potential. Our listing is a strategic platform for us to enhance the public image of Choo Chiang Holdings and potentially unlock new business opportunities. We believe this will put us in an even stronger position to drive our expansion plans in Singapore and beyond in the future.”

Mohamed Nasser Ismail, Head of SME Development & Listing, SGX, said, “We are pleased to welcome another home-grown company, Choo Chiang, to SGX. With an extensive range of electrical products and an established retail network, Choo Chiang is well positioned to grow in Singapore’s consumer sector. We look forward to supporting the company through its growth journey ahead.”

The listing of Choo Chiang brings the total number of consumer sector companies on SGX to 160 with a combined market capitalisation of about S\\$143 billion. Following Choo Chiang’s listing, Catalist has 162 companies with a total market capitalisation of over S\\$10 billion.

Choo Chiang opened at \\$0.37 today.