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SGX Welcomes Medinex Limited To Catalist

Date 07/12/2018

Singapore Exchange (SGX) today welcomed Medinex Limited to its Catalist under the stock code “OTX”.

Based in Singapore, Medinex Limited is a provider of Medical Support Services specialising in providing professional support services to medical clinics. Apart from overseeing the setting up of clinics, facilitating applications for relevant clinic licences and providing business support services such as accounting and tax agent services, human resource management services and corporate secretarial services, Medinex Limited also provides Pharmaceutical Services to its clients, assisting them in procuring medical and pharmaceutical products.

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, “We are pleased to welcome the listing of Medinex Limited on SGX Catalist. Changing demographics and rising affluence will be key factors driving the demand for healthcare services in Singapore. As the company enters this new phase of growth, we look forward to supporting them in their expansion plans ahead.”

Jessie Low, Executive Director and Chief Executive Officer of Medinex Limited, said, “Medinex is positioned to benefit from the growing demand for quality healthcare services in Singapore, with our full suite of medical support services. Our IPO is an exciting milestone for the Group and we believe that with access to the capital markets, we will be able to grow our business operations further, to provide even more comprehensive integrated services to our customers in the medical industry. We are grateful to the support from the investment community and we will continue to forge ahead in this new exciting chapter.”

With a market capitalisation of about S$33 million, the listing of Medinex Limited brings the total number of companies listed on Catalist to 213, with a combined market capitalisation of more than S$10 billion.

Medinex Limited opened at S$0.285 today.