Linc Energy enters SGX Mainboard
It has a market cap of $690m.
In a release, Singapore Exchange announced the listing of Linc Energy Ltd on Mainboard, under the stock code of “TI6”.
Linc Energy is a diversified energy company with operating control of a global portfolio of conventional and unconventional oil, gas and coal assets. The company has offices and operations in various geographic locations including United States, Uzbekistan, Poland and Australia.
Peter Bond, CEO and Managing Director of Linc Energy, said: “I would like to warmly welcome our new shareholders to the Linc Energy family as well as thank our existing shareholders registered in Australia for their support and loyalty as we make SGX our new exchange.
We are very encouraged by the response to our Offering from investors both overseas and local as they clearly recognise the potential and value of the Group’s global portfolio of oil, gas and coal assets and its proprietary Underground Coal Gasification (UCG) technology.
“This listing on the SGX marks the next phase of the Group’s long-term growth strategy in the global marketplace as our footprint extends from America and Europe, to Africa, Asia and Australia. While we continue to focus on conventional and unconventional oil and gas production throughout the world, our listing on the SGX will provide us with a truly global platform that will recognise inherent shareholder value and facilitate growth.”
Lawrence Wong, Head of Listings at SGX, said: “We are pleased to welcome Linc Energy to SGX Mainboard and look forward to supporting them in the next phase of their growth strategy while providing our investors with access to another global resource company.”
The listing of Linc Energy, with a market capitalisation of $690 million, brings the total number of SGX-listed MOG and related companies to 20 with total market capitalization of $5.9 billion.