EDM Resources Group Direct Listing in Singapore’s 1exchange at the Market Cap of S$25.5mil

EDM Resource Group has successfully been listed today on the 1exchange (1X), Singapore’s first regulated private securities exchange and a member of global digital finance group CapBridge Financial. 

EDM Group is a brand maker in the beauty skincare, cosmetics, health care, and supplements industry. It enables aspiring entrepreneurs to develop their own branded products through leveraging the Company’s core strengths in Manufacturing, Marketing and Management. Since 2016, it has supported entrepreneurs to create over 10,000 brands in Asia. Datuk Seri Edmund Heng, Founding  Director of EDM Group, said “Since 2016, EDM Group’s one-stop solution services have helped many healthcare and skincare brand owners to successfully build their branding and management teams.  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. 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.” 

The Company is listed at the market cap of S$25.5mil (RM 77.8mil) and price at S$0.34 (RM1.05) giving a float of 10.5% upon listing. The Company’s valuation was prepared and signed off IHS Markit, an international Private Equity and Private Debt Valuation Services based in London. IHS Markit offers  Fair Valuations for Private Equity and Venture Capital Valuations, Fair Valuations for Illiquid Debt  Valuation, Assurance reviews, and Private Company Credit Assessments.

Datuk Seri Edmund further noted, “Looking forward, we will expand our market of customised healthcare products, 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.” 

1exchange CEO, Victor Chia, said, “We are delighted that EDM Group has selected 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.” 

Based in the global financial hub of Singapore, 1X is the first regulated private securities Exchange  (regarded as the 3rd board) with a Recognised Market Operator licence awarded by the Monetary  Authority of Singapore (“MAS”). 1X is part of CapBridge Financial, a leading digital finance group backed by Singapore Exchange (“SGX”), SGInnovate, South Korea’s Hanwha Investment and Securities  Co and Hong Kong’s Cyberport Macro Fund. Prior to this listing, CapBridge Financial has also recently launched PONTE, a new division dedicated to the development, marketing, and trading of non-fungible tokens (NFTs). 

Maxshangkar, the co-founder of EDM Group and Group CEO of Max Capital Management added that, “We are delighted the Company listing in 1exchange is successful. This prove that Malaysia company can be recognised at the global level and the listing will assist the company to unlock its potential further. Being listed in Singapore, the global financial centre will bring strategic value to the company  in terms of credibility and liquidity.” 

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, further added, “A direct listing on 1exchange is a compelling option for many companies building a strategic liquidity pathway to unlock value and support growth. As a regulated private exchange, 1exchange promotes the vibrant trading of private equity in Singapore and supports companies in their growth journey, including towards a potential public offering. My heartiest congratulations to EDM Group and we look forward  to its continued success.” 

Why 1X, private companies such as EDM Group will have the flexibility to list a portion of their shares in the form of tradeable private equities. A direct listing on 1X enables companies such as EDM Group to convert their existing shares to tradeable shares, in a cost-effective and efficient manner. This regulated asset class traded on 1X provides investors additional portfolio diversification with private equity returns potential, while giving shareholders options for exits.  

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