, Singapore
592 views
File photo

Ley Choon seeks Mainboard listing on SGX-ST

This is intended to strengthen business plans and enhanve value for shareholders.

Ley Choon Group Holdings Limited applied to transfer its listing from the Catalist Board to the Mainboard of Singapore Exchange Securities Trading Limited (SGX-ST) on 5 January 2026, as part of its strategy to enhance the medium- to long-term business plans and value for shareholders of the company.

The company stated in an announcement that it has settled all outstanding amounts due to its lenders under the Debt Restructuring Agreement, as announced on 14 March 2024.

This has resulted in improved cash flow and financial flexibility, whilst net profit attributable to shareholders grew to $14.5m in FY2025 from $0.9m in FY2021.

Ley Choon also highlighted the company’s aim for sustainable growth through disciplined and strategic tendering, with an unfulfilled order book of approximately $325.6m.

The proposed transfer is subject to in-principle approval of SGX-ST, in compliance with relevant listing requirements and shareholder approval via a special resolution.

The company also cautioned its shareholders on the uncertainty of the transfer’s approval.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.