Singapore's first regulated private securities exchange, 1exchange ("1X"), has welcomed the private direct listing of Malaysia's EDM Resources Group ("EDM Group”). The affair was cemented by a virutal gong-striking ceremony that was attended by representatives from EDM Group, placement agent CapBridge Pte Ltd, as well as strategic partner and shareholder SGX.
“The successful listing of EDM Group builds a solid foundation for the long-term development of the Company, and also marks the beginning of a new phase of strong growth for the Company in all aspects,” said Datuk Seri Edmund Heng, Founding Director of EDM Resources Group. “EDM Group will actively capture more development opportunities, strengthen the Company's competitiveness, and strive to bring higher and sustainable returns to shareholders and investors.”
1exchange's Chief Executive Officer, Mr. Victor Chia, also expressed his delight at EDM Group trusting 1exchange as their listing venue. “As Malaysia's leading brand maker, EDM Group is a one-stop center for all aspiring entrepreneurs to create and develop their own brands. 1exchange is proud to be a partner to EDM Group and we look forward to its continued growth."
Since 2016, EDM Group has been a leading brand maker in the beauty skincare, cosmetics, health care and supplements industry, giving aspiring entrepreneurs the chance to develop their own branded products. The company has supported entrepreneurs to create over 10,000 brands in Asia.
Datuk Seri Edmund further noted, "Looking forward, we will expand our market of snacks and TCM products, having experienced an increase in demand since the pandemic in 2020. Our Company is also collaborating with China partners to introduce their anti-cancer vaccine, anti-HPV vaccine, and anti-drug medication to Malaysian Hospitals and Organizations. We hope that these new products will be able to help more Malaysians and even ASEAN countries achieve better health."