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.