KUALA LUMPUR, 22 February 2022 – EDM Resources Group has successfully been listed today on the 1exchange (1X), Singapore’s first regulated private securities exchange and a member of global digital finance group CapBridge Financial.
EDM Group is a leading brand maker in the beauty skincare, cosmetics, health care, and supplements industry. It enables aspiring entrepreneurs to develop their own branded products through leveraging the Company’s core strengths in Manufacturing, Marketing, and Management. Since 2016, it has supported entrepreneurs to create over 10,000 brands in Asia.
“Since 2016, EDM Group’s one-stop solution services have helped many healthcare and skincare brand owners to successfully build their branding and management teams. The successful listing of EDM Group builds a solid foundation for the long-term development of the Company, and also marks the beginning of a new phase of strong growth for the Company in all aspects.
“EDM Group will actively capture more development opportunities, strengthen the Company’s competitiveness, and strive to bring higher and sustainable returns to shareholders and investors,” said Datuk Seri Edmund Heng, Founding Director of EDM Group.
The Company is listed at the market cap of S$25.5 million (RM 77.8 million) and price at S$0.34 (RM1.05) giving a float of 10.5% upon listing. The Company’s valuation was prepared and signed off IHS Markit, an international Private Equity and Private Debt Valuation Services based in London. IHS Markit offers Fair Valuations for Private Equity and Venture Capital Valuations, Fair Valuations for Illiquid Debt Valuation, Assurance reviews, and Private Company Credit Assessments.
“Looking forward, we will expand our market of customised healthcare products, snacks, and TCM products, having experienced an increase in demand since the pandemic in 2020. Our Company is also collaborating with China partners to introduce their anticancer vaccine, anti- HPV vaccine, and anti-drug medication to Malaysian Hospitals and Organizations. We hope that these new products will be able to help more Malaysians and even ASEAN countries achieve better health,” Datuk Seri Edmund added.
“We are delighted that EDM Group has selected 1exchange as their listing venue. As Malaysia’s leading brand maker, EDM Group is a one-stop center for all aspiring entrepreneurs to create and develop their own brands. 1exchange is proud to be a partner to EDM Group and we look forward to its continued growth,” said 1exchange Chief Executive Officer, Mr. Victor Chia.
Based in the global financial hub of Singapore, 1X is the first regulated private securities Exchange (regarded as the 3rd board) with a Recognised Market Operator licence awarded by the Monetary Authority of Singapore (MAS). 1X is part of CapBridge Financial, a leading digital finance group backed by Singapore Exchange (SGX), SGInnovate, South Korea’s Hanwha Investment, and Securities Co and Hong Kong’s Cyberport Macro Fund.
Prior to this listing, CapBridge Financial has also recently launched PONTE, a new division dedicated to the development, marketing, and trading of non-fungible tokens (NFTs).
“We are delighted the Company listing in 1exchange is successful. This proves that a Malaysian company can be recognised at the global level and the listing will assist the company to unlock its potential further. Being listed in Singapore, the global financial centre will bring strategic value to the company in terms of credibility and liquidity,” added Maxshangkar, the co-founder of EDM Group and Group CEO of Max Capital Management.
“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 the vibrant trading of private equity in Singapore and supports companies in their growth journey, including towards a potential public offering. My heartiest congratulations to EDM Group and we look forward to its continued success,” said Mr. Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX.
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