Malaysia-based property investment, management, and development company Homvest Sdn Bhd has been successfully listed on 1Exchange (“1X”), Singapore's first regulated private securities exchange.
The momentous event was marked with a virtual gong-striking ceremony. In attendance were representatives from other notable firms including HOMEVEST, CapBridge Pte Ltd, Equiom Trust Services Pte Ltd, and shareholder SGX.
Speaking on the occasion, Group Managing Director Dato' KY Lim said, “Today's listing on 1X marks a historic milestone for HOMEVEST. It brings us one step closer to achieving our vision of building a world shaped by smart-living communities with close-knit relationships.”
“Over the years, HOMEVEST has seen rapid growth in its property portfolio, investors, and client base. We are looking forward to unlocking more value for our shareholders, partners and homeowners.”
Through the 1X platform, private companies and funds have the flexibility to list a portion of their shares in the form of tradeable private equities, giving companies the opportunity to convert existing shares to tradeable shares.
“It is our privilege for HOMEVEST to be listed on 1exchange, the first MAS-regulated private securities exchange in Singapore and a member of leading integrated private market ecosystem, CapBridge Financial. 1X is also widely regarded as the third board in Singapore's global financial centre. We decided to list in Singapore because it is one of the world's top financial hubs and is an attractive market due to its competitiveness and reputation in the business environment, human capital, infrastructure, and financial sector,” further added Lim.
The first regulated private securities exchange with a Recognised Market Operator license granted by the Monetary Authority of Singapore ("MAS"), 1X is part of CapBridge Financial, backed by Singapore Exchange ("SGX"), SGInnovate, South Korea's Hanwha Investment, and Securities Co and Hong Kong's Cyberport Macro Fund.