OREANDA-NEWS. January 18, 2016. Singapore Exchange (SGX) today welcomed Eindec Corporation Limited (Eindec) to Catalist under the stock code “42Z”.

Eindec is in the clean air environmental and technological solutions business, with manufacturing facilities in Malaysia and Singapore and customers from the Asia-Pacific and Middle East regions. The company designs, manufactures and distributes a wide range of clean room and HVAC (heating, ventilation and air conditioning) equipment. Eindec is a spin-off from SGX Mainboard listed property developer, Weiye Holdings.

Paul Chia, Executive Director and Chief Executive Officer of Eindec Corporation, said, “The IPO marks the beginning of a new chapter in Eindec’s growth story which will see the Group’s diversification into the exciting air purifier market by leveraging on our expertise in clean room equipment. The IPO proceeds will be channelled towards funding our next phase of growth, where the new environmental and technological solutions products business unit will serve as its key driver.”

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, “We are pleased to welcome Eindec Corporation to Catalist, as it expands its product offerings and business regionally. We look forward to supporting the company as it progresses on its growth journey.”

“As a listing venue of choice, we provide access to capital for companies with different funding and business needs. The move by Mainboard listed Weiye Holdings to list its subsidiary on Catalist is testament to the strength and effectiveness of our platforms, which caters to the varying needs of companies at different stages, ” he added.
The listing of Eindec brings the total number of companies on Catalist to 173, with a combined market capitalisation of S\\$10 billion.

Eindec opened at \\$0.235 today.