Singapore Exchange to Welcome Anchor Resources to Catalist

Singapore Exchange to Welcome Anchor Resources to Catalist
18.03.2016 09:00 am

Singapore Exchange to Welcome Anchor Resources to Catalist

Trading Systems , Foreign Exchange

Singapore Exchange (SGX) today welcomed Anchor Resources Limited (Anchor Resources) to Catalist under the stock code “43E”.  

Headquartered in Malaysia, Anchor Resources is engaged in the business of exploration, mining and production of gold for sale in Malaysia. It holds concession rights to two key gold mining areas - Lubuk Mandi Mine and Bukit Panji Property in Terengganu, on the eastern gold belt of Peninsular Malaysia.

Lim Chiau Woei, Founder and Managing Director of Anchor Resources said, “The successful listing marks a significant milestone for Anchor Resources, and an endorsement and a vote of confidence in our business and long-term growth. Demand for gold is expected to be steady and we look forward to expanding our capabilities to ride on such demand and create value for shareholders.”

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, We are pleased to welcome Anchor Resources, a gold exploration, mining and production company to Catalist. Its listing brings the number of mineral, oil and gas companies listed on SGX to 28, with a combined market capitalisation of $2.3 billion. We look forward to supporting the company on its growth journey, as it utilises our fast-growth platform for its fund raising activities.”

The listing of Anchor Resources brings the total number of companies on Catalist to 177, with a combined market capitalisation of S$9 billion.

Anchor Resources opened at $0.182 today.

Related News

Cloud9 and SteelEye Partner to Address Voice Trading Compliance Challenges amid Remote Working Conditions

Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, has integrated with SteelEye, a leading regulatory technology and data analytics provider, to offer the... Read more »

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

The energy industry has never seen a year like it.... Read more »

Newfound launches virtual fintech trade mission to stimulate economic growth in UK and Australia

Global expansion specialists Newfound today announced the first ever virtual fintech trade mission between the UK and... Read more »

IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange

IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its... Read more »

Cloud9 Chooses OpenFin to Empower “Virtual Trading Desks”

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9... Read more »

QuantHouse to provide TSL machine learning capabilities as part of the QuantFactory cloud backtesting suite

QuantHouse, the global provider of end-to-end systematic trading solutions including... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel