Eindec debuts on SGX Catalist Board

It opened at $0.235 today.

Eindec Corporation has landed a spot in Singapore Exchange (SGX)'s Catalist Board, according to an announcement by SGX.

“The IPO marks the beginning of a new chapter in Eindec’s growth story which will see the Group’s diversification into the exciting air purifier market by leveraging on our expertise in clean room equipment. The IPO proceeds will be channelled towards funding our next phase of growth, where the new environmental and technological solutions products business unit will serve as its key driver,” said Paul Chia, Eindec Executive Director and CEO.

The company is a spin-off from Mainboard listed property developer Weiye Holdings, and deals mainly in clean air environmental and technological solutions. It opened at $0.235 today, higher than its IPO price of $0.21.

Eindec’s listing brings the total number of companies on Catalist to 173, with a total market capitalisation of $10b.

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