Aspen applies to transfer listing to Singapore’s Mainboard

KUALA LUMPUR (Oct 27): Penang-based developer Aspen (Group) Holdings is planning to upgrade its listing from Catalist to the Singapore Mainboard, reported The Edge Singapore yesterday.

President and group CEO Murly Manokharan (pictured) said in a statement via SGX that the move is meant to “raise its visibility and its public image among investors”.

“Further, a listing on the Mainboard would provide the company with greater visibility in the capital markets, which could result in a larger investor base and accord the group with a wider platform and better opportunities for future fund raising,” said Aspen

 “This will allow the company to better tap into capital markets (both equity and debt) to maximise the group’s growth potential,” the company added.

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