How to list your company in Singapore.

Why List On Catalist

Catalist is the first Sponsor-supervised listing platform in Asia for local and international growth companies.

Singapore is recognized today as a global financial centre. Its thriving financial services industry serves not only a vibrant domestic economy, but the much wider Asia-Pacific region and the rest of the world. More than one-third of SGX’s listed companies are foreign, accounting for 30% of our market capitalization. Leveraging on SGX’s track record in attracting and nurturing local and international companies, Catalist offers a listing status in a new growth market.

Interested in Listing in Asia CLICK HERE

Internationally recognized marketplace

Enjoy the prestige of being listed on an international marketplace. Join more than 200 international companies from over 20 different countries listed in Singapore since the early 1990s.

Sponsor-supervised regulatory structure

Be governed by a transparent international exchange under a unique Sponsor-supervised regulatory structure, where professionals who understand your business are at hand to guide you through the listing process and as a listed company after IPO.

Fast time-to-market

Benefit from the fast time-to-market where the listing process can take as short as 5 to 6 weeks.

Conducive environment for growth companies

Fulfill your company’s growth needs easily through flexible rules designed to facilitate expansion. After IPO, Catalist companies are able to obtain larger mandates for subsequent fund raising and need only seek shareholders’ approval for significantly large acquisitions and disposals.

Investor familiarity and interest in international companies

Take advantage of the higher trading turnover enjoyed traditionally by foreign companies listed in Singapore.

Admission Criteria

A company seeking a listing on Catalist must meet the following admission requirements.

(1) Sponsorship

A listing applicant must be sponsored by an approved Sponsor of Catalist. Catalist companies are listed based on the Sponsor’s assessment that they are suitable. SGX does not set any minimum quantitative entry criteria, but Sponsors will use their own deal selection criteria.

(2) Offer Document

A listing applicant must produce an “Offer Document”. We have obtained an exemption from the Monetary Authority of Singapore (MAS) for the relevant sections in the Securities & Futures Act (SFA), such that an offer of securities on Catalist will not require a prospectus.

However, there is no change to the disclosure standards in Catalist, as it is the basis for investors to make informed decisions. Therefore, the Offer Document will be subject to the same disclosure requirements as a prospectus. To support this disclosure requirement, provisions relating to civil and criminal liability in the SFA will still apply to an Offer Document.

The prospectus exemption also means that the requirement to lodge and register the Offer Document with MAS will no longer apply. Instead, it will be lodged with SGX. Offer Documents will be posted on SGX’s Catalodge website, for a period of at least 14 days. This will provide an avenue for the public to air any serious concerns they may have, and act as an additional safeguard.

(3) Working Capital Statement

The Sponsor and directors of the company must include a statement in the Offer Document that the company has sufficient working capital for the present requirements and for at least 12 months after IPO.

(4) Shareholding Spread

To promote healthy post-IPO trading activity, the shareholding spread requirement is set at 15% of issued capital in public hands with a minimum of 200 shareholders.

(5) Moratorium Period

To secure the commitment of promoters* and pre-IPO investors, restrictions on the sale of their shareholdings will apply. At the time of IPO, if promoters as a group hold more than 50% of the post-invitation share capital, they may sell but must retain at least 50%. If they hold less than 50% of the post-invitation share capital at IPO, they may not sell any. After IPO, promoters are not to sell any of their shareholdings 6 months after IPO. They may sell up to 50% of their shareholdings for the next 6 months.

For Pre-IPO investors who had acquired their shares within the 12-month period prior to IPO, the “profit portion” of their shareholdings will be subject to a moratorium period of 12 months after IPO. The “profit portion” is calculated as the number of shares derived from the difference between the cash paid by the investor for the shares and the value of the shareholdings based on the IPO price.

* “Promoters” are controlling shareholders & their associates and executive directors with more than 5% of share capital at the time of listing.

 

When companies are listed, the following listing fees are payable to the Exchange.

	Initial Listing Fee	Annual Listing Fee
Minimum Fee	S$30,000	S$15,000
Maximum Fee	S$100,000	S$50,000
Variable Rate (per S$ million of the listed company’s market capitalisation)	S$100	S$25

Fees for Additional Securities Listings (per exercise)	S$8,000

Note: Other applicable fees for CDP services will be the same as the fees for Mainboard. The fees above do not include Goods & Services Tax (GST) of 7%.

Administrative Fees

When companies are listed or list additional securities, the following administrative fees are payable to the Exchange.

Per Exercise	Administrative Fees
IPO Listing	S$2,000
Additional Securities Listing	S$1,000

Note: The fees above do not include Good & Services Tax (GST) of 7%.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com

Brokerage, Investment Management, Investment Banking, Emerging
Managed Trading Account with Integrity and Stability

THE BEST OVERALL MANAGED ACCOUNT SOLUTION, FIND OUT WHY, CONTACT US TODAY

For More Information Contact

Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Email : info@heffcap.com

Bangkok

Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Email : info@heffcap.com


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Posted by Shayne Heffernan on Jan 25th, 2012and filed underAsia, Equities, Latest News, Market News.You can follow any responses to this entry through theRSS 2.0Responses are currently closed, but you can trackback from your own site.