Launch of new association to represent Catalist-listed companies

Singapore

A NEW body to represent the interests of Catalist-listed companies was launched on Friday, with the event headlined by Chatri Sit-yodtong, the chairman and chief executive of ONE Championship, the mixed martial arts promoter.

In his keynote speech at the Association of Catalist Companies' (ACC) maiden event, held at the UBS Command House on Friday evening, Mr Chatri spoke about the importance of unleashing human potential, which is what martial arts does, and what his company seeks to do. "I don't believe we are put on this earth to buy houses and accumulate wealth, but to unleash our potential," he said.

Asked by The Business Times if ONE Championship is planning an initial public offering, Mr Chatri said: "Down the road, ONE Championship is definitely considering an IPO, in probably the next three years. We're considering the SGX, Hong Kong and the New York Stock Exchange.

The ACC aims to be a platform for bosses of Catalist-listed companies to network, have a common voice, and grow together with the Singapore market, its founding president Phil Rickard told BT. "We want to be a platform to share stories and ideas. For example, ideas on raising liquidity and new options for fundraising."

Chew Sutat, head of equities and fixed income for the Singapore Exchange, said: "The SGX is committed to the association's success."

From now on, all newcomers to the Catalist board will be given free membership to the ACC sponsored by the SGX, starting with Ayondo, Mr Chew said.

The ACC has 30 members now and hopes to grow this to 100 a year from now. More than 200 companies are listed on the Catalist board.

The ACC's founding sponsors are UBS Wealth Management, Haitong International Securities Group (Singapore) and financial consultancy Asia Fund Space.