Singapore Exchange : SGX welcomes AGV Group to Catalist

Singapore Exchange (SGX) today welcomed AGV Group Limited (AGV Group) to Catalist under the stock code '1A4'.

AGV Group is one of the leading providers of hot dip galvanizing services in Singapore, with over 900 clients from diverse sectors, including utilities, construction, telecommunications, transport, petrochemical, defence, aerospace, automotive and general industrial markets.

Albert Ang, Managing Director and Chief Executive Officer of AGV Group, said, 'This listing is a significant milestone for our Group, and it is made even more meaningful as we become the first company providing hot dip galvanizing services to be listed on SGX. With increasing recognition of hot dip galvanizing as one of the most cost effective corrosion prevention methods today, we believe there is huge growth potential for our Group especially because of the diverse industries that require our services. We plan to leverage this listing to further build our strengths and entrench ourselves as one of our industry's leading service providers.'

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, 'We are pleased to welcome AGV Group, a home grown Singapore company that provides hot dip galvanizing, a service that is essential in keeping steel and iron structures intact and safe. We look forward to partnering the company as it looks to expand overseas and increase productivity to fulfil more orders.'

The listing of AGV Group brings the total number of companies on Catalist to 184, with a combined market capitalisation of S$10 billion.

AGV Group opened at $0.235 today.