Interest in listing on SGX returns ahead of $5b capital injection

Corporate financier expects to help list at least four S'pore firms in next 18 months

- Kang Wan Chern

Interest from Singapore firms to list on the local bourse via initial public offerings and reverse takeovers (RTO) has been returning ahead of a $5 billion capital injection that is expected to help revive the local stock market.

"We are currently working on several listings, including the Yangzijiang Maritime spin-off and the proposed reverse takeover involving Sincap and Skylink Apac, both expected to list on the Singapore Exchange (SGX) within the year," Mr Ong Hwee Li, chief executive of corporate finance firm SAC Capital, told The Straits Times.

This follows April announcements by SGX-listed Yangzijiang Financial to spin off its maritime investments into a separately listed company, and by Sincap Group to acquire vehicle leasing firm Skylink for $42.3 million via an RTO, paving the way for Skylink to become publicly listed.

SAC Capital is also advising "two to three" local IPO aspirants in sectors including events management, real estate management and natural resources. These firms expect to list on SGX in 2026.