Singapore Exchange (SGX) has just announced that it has welcomed Synagie Corporation Ltd. to Catalist under the stock code “V2Y”.
Synagie Corporation Ltd. is a homegrown technology company and leading e-commerce solutions provider in Southeast Asia in the Body, Beauty and Baby sector. It works with businesses ranging from small and medium enterprises to multi-national companies to help them execute their e-commerce strategies, by selling their goods or services to consumers online and providing one-stop services and integrated technology to manage their multi-channel e-commerce operations.
Synagie’s cloud-based platform, which leverages on technology such as cloud computing, big data analytics and artificial intelligence, integrates end-to-end e-commerce enablement and fulfilment solutions covering all aspects of the e-commerce value chain. It has more than 250 brand partners, including well-known brands such as Johnson & Johnson, Kimberly-Clark and Shiseido, which uses its e-commerce solutions.
Clement Lee, Chief Executive Officer of Synagie Corporation, said:
We wish to thank our investors for their support and for believing in our business and its growth potential. Being listed on SGX provides us with a new platform that will give us better access to the capital markets and help enhance our position as a leading e-commerce enabler in the region.
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, added:
Technology in the form of e-commerce is disrupting the way consumers shop, browse and consume. We are pleased to welcome Synagie Corporation, one of the fastest growing technology and e-commerce start-up in Southeast Asia, to SGX’s cluster of technology companies. We look forward to supporting the company as it looks to enhance its e-commerce platform, big data analytics capabilities and expand its geographical reach.
With a market capitalisation of about S$71 million, the listing of Synagie Corporation Ltd. brings the total number of companies listed on Catalist to 210, with a combined market capitalisation of more than S$11 billion. This listing will also strengthen SGX’s technology cluster, which will now have a total of more than 70 companies, with combined market capitalisation of more than S$70 billion.
Synagie Corporation Ltd. opened at S$0.265 today.