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SINGAPORE, July 26, 2011 - (ACN Newswire) - Singapore Exchange ("SGX") is pleased to welcome the listing of Malacca Trust Limited ("Malacca Trust") on Catalist, under the stock code of "5TH".
As one of Indonesia's established financial services groups, Malacca Trust provides a wide range of financial services to a diverse customer base including both retail and institutional customers in the Indonesian market.
The group specialises in consumer financing, asset management, and securities brokerages via its subsidiaries of banks. The Group's asset management arm has managed more than 40 funds and was ranked 7th largest fund manager based on assets under management for the period December 2009 to January 2011, according to 2011 Investor Magazine.
Mr Rudy Johansen, Chief Executive Officer of Malacca Trust, said, "We are delighted with our successful listing today on SGX today. This is a significant milestone and it marks the beginning of a new phase for Malacca Trust, providing us with a platform for future growth. We would like to thank our partners at the Singapore Exchange for assisting us in achieving this milestone."
"We warmly welcome Malacca Trust to the SGX family. Its listing not only adds to our pool of listed companies from South East Asia but also the financial services cluster on SGX. We are pleased that Malacca Trust had chosen SGX to support its growth ambition" said Mr Lawrence Wong, Head of Listings, Singapore Exchange.
Malacca Trust, with an estimated market capitalisation of about S$76.3 million, brings the total number of banking and financial services companies on SGX to 30, with a combined market capitalisation of S$172 billion.
Contact:
Carolyn Lim
Communications
Tel: +65 6236 8139
Email: Carolyn.lim@sgx.com
Joan Lew
Communications
Tel: +65 6236 8658
Email: Joan@sgx.com
Topic: General Announcement
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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