Candy maker YLF halts IPO plan; auto group Vin's rises on SGX debut

The first two companies to apply for listing on the Singapore Exchange (SGX) in 2025 have seen different outcomes, with one abruptly pulling its plans to go public, and the other successfully debuting on Catalist.

- Kang Wan Chern

Candy maker YLF Group Marketing has halted its plans to go public on the SGX, less than three weeks after it lodged its prospectus for an initial public offering (IPO).

The family-run company withdrew its preliminary offer document from the exchange on April 14. It had lodged the documents to list on SGX's Catalist board on March 27. No reason was given for the withdrawal.

Had things gone as planned, YLF Group, which was planning to raise funds to expand its product mix and expand overseas, would have been the second company to list on the SGX in 2025.