Singapore’s 1exchange hosts the private direct listing of HOMEVEST, the Malaysian property investment, management and development company with assets under management of over RM300 million

SINGAPORE, January 12, 2022 /PRNewswire/ — 1exchange (“1X”), that of Singapore First regulated private stock exchange and member of the leading integrated private market ecosystem CapBridge Financial, today announced the direct listing of Homevest SDN. HDB. (“HOMEVEST”), a real estate investment, management and development company in Malaysia. With a real estate portfolio of over RM300 millionHomevest helps create value for its partners and has made home ownership more accessible and affordable through its innovative real estate solutions.

Approximately 10% of Homevest’s total outstanding shares were listed on 1X at a total value of 3 million Singapore dollars. The seamless 1X listing process was conducted entirely online and facilitated by the CapBridge platform.

Dato’ KY Lim, CEO of HOMEVEST Group, 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 communities of intelligent life with close relationships. . Over the years, HOMEVEST has experienced rapid growth in its property portfolio, investors and customer base. We look forward to creating more value for our shareholders, partners and owners.”

Lim added, “It is our privilege for HOMEVEST to be listed on 1exchange, the premier MAS-regulated private stock exchange in Singapore and a member of the leading integrated private market ecosystem, CapBridge Financial. 1X is also widely considered the third card of that of Singapore global financial center. We decided to enroll in Singapore because it is one of the main financial centers in the world and it is an attractive market due to its competitiveness and reputation in the business environment, human capital, infrastructure and the financial sector. »

1general manager of exchange, Mr. Victor Chiasaid: “We are delighted that Homevest has chosen 1exchange as its listing venue. As malaysia A real estate investment, management and development company, Homevest unlocks value for its partners to make home ownership more affordable and accessible. 1exchange is proud to be a partner of Homevest and we look forward to its continued growth.”

Based in the global financial center of Singapore1X is the first regulated private stock exchange with a recognized 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 Hanwha Investment and Securities Co and that of Hong Kong Cyberport Macro Backgrounds.

M Mohammad Nasser IsmailGlobal Head of Equity Capital Markets, SGX, 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 dynamic equity trading in Singapore and supports companies in their growth journey, including towards a possible public offering. My heartfelt congratulations to HOMEVEST and we look forward to its continued success.”

This is the fourth direct listing on 1X and its third cross-border listing. The momentous occasion was marked by a virtual gong ceremony, attended by representatives of HOMEVEST, placement agent CapBridge Pte Ltd, trustee Equiom Trust Services Pte Ltd, as well as strategic partner and shareholder SGX .

On 1X, private companies and funds have the option of listing a portion of their shares in the form of tradable private shares. A direct listing on 1X allows companies to simply convert their existing shares into tradable shares, profitably and efficiently. This regulated asset class traded on 1X offers investors additional portfolio diversification with the potential for private equity returns, while providing shareholders with exit options. Click here to view the virtual registration ceremony.

About 1 exchange

A member of the CapBridge Financial private markets ecosystem, 1X is the first MAS-regulated private securities exchange in Singapore and widely regarded as the third board of the global financial center.

Built on the blockchain, 1X is a “lightweight” and profitable private listing venue designed for family businesses, as well as growing and pre-IPO businesses. The exchange offers companies market-driven solutions such as direct private listings and employee stock trading.

With a 1X listing, founders, owners and growth-stage companies can achieve partial exits and private equity tradability while maintaining flexibility and control. Private investors on 1X can freely and securely trade their positions for liquidity anytime, anywhere.

SOURCE 1 Exchange