Singapore Exchange (SGX) is pleased to welcome the listing of KOP Limited (KOP) on Catalist, under the stock code, “5I1”.
The listing arose from a reverse takeover of Scorpio East Holdings Ltd (renamed KOP) by KOP Properties Pte Ltd for $150 million.
KOP Properties is a Singapore-based, residential and commercial real estate development, investment and management services company with projects and operations in Singapore, Indonesia, China and UK. The company’s current portfolio includes The Ritz-Carlton Residences in Singapore, Montigo Resorts in Nongsa and Seminyak, Indonesia and iconic property projects such as The Spazio and Hamilton Scotts, the world's tallest en suite elevated car porch residence.
Ong Chih Ching, Group CEO and Executive Director of KOP Limited, said: “Our successful reverse takeover attests to the market’s confidence in the fundamentals and growth prospects of KOP Limited. We will continue to build on our successes and work towards marrying the businesses of property development and entertainment to derive greater value for our investors.”
Lawrence Wong, Head of Listings, SGX, said: “We are pleased that KOP has chosen to list on Catalist to grow its business of property development and expand into the entertainment industry. Their listing adds to the choice of our global investors targeting growth opportunities amongst the fast growth companies listed on Catalist.”
The listing of KOP brings the total number of companies on Catalist to 141 with a combined market capitalisation of $10 billion.