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Presentation to Asian Mining Indaba
Foong Chong Lek
Listings – Mineral, Oil & Gas
Associate Director
31 October 2012
SGX The Asian Gateway SGX The Asian Gateway
Contents
1
Overview of Singapore and SGX 1 02
Access the Wealth Management Hub of Asia 2 08
IPO Market Performance 3 13
Page
The Listing Choice in Asia
Strong Valuations & Liquidity 4 16
SGX Mineral, Oil & Gas Sector 5 18
Case Studies: Sakari, CNMC and Liongold 6 22
Efficiency to Meet Your Needs 7 31
SGX The Asian Gateway SGX The Asian Gateway
Wealth hub with largest institutional investor base in Asia
– >US$1.8 trillion assets under management
Asian logistics centre and maritime hub
– World’s largest bunker port and 2nd largest container port
Trading centre for commodities
– 300 global trading companies
– 90 top global traders globally/regionally headquartered here
World’s 4th largest foreign exchange trading centre
– >US$330 billion average daily volume in 2010
Home to global companies
– Asia Pacific headquarters to >1/3 of Fortune 500 companies
2 The Listing Choice in Asia
Singapore: A Global Financial Centre
World’s Best Place for Doing Business
SGX The Asian Gateway SGX The Asian Gateway
Non-Singapore
40%
Singapore
60%
UK 76%
Non-UK 24%
SGX – A Truly International Exchange
The Listing Choice in Asia 3
London Stock Exchange New York Stock Exchange Hong Kong Stock Exchange Tokyo Stock Exchange
Singapore Exchange
Southeast Asia
19% India
1%
Greater China
68%
Japan & Korea, 3%
Australia, 3%
Europe, 3%
US, 2%
Others, 1%
Country of Origin for Overseas Companies
Source: Bloomberg & Singapore Exchange , Aug 2012
775 Listed Companies,
Market Capitalisation
US$720 billion
US 93%
Non-US 7%
China 98%
Non-China 2%
Japan 100%
Non-Japan 0%
SGX The Asian Gateway SGX The Asian Gateway
Diversity of Industries
The Listing Choice in Asia 4
Breakdown by Number Breakdown by Market Capitalization
Source: Bloomberg, by ICB Classification, Jul 2012
Financials 14%
Industrials 36%
Consumer Services
10%
Consumer Goods
15%
Telecoms 1%
Oil & Gas 4%
Basic Materials
7%
Technology 9%
Healthcare 3%
Utilities 1%
Financials 39%
Industrials 20%
Consumer Services
13%
Consumer Goods
9%
Telecoms 9%
Oil & Gas 5%
Basic Materials
1%
Technology 1%
Healthcare 2%
Utilities 1%
SGX The Asian Gateway SGX The Asian Gateway 5
Marine and Oil
& Gas Services
Asia’s largest cluster of listed companies (44 companies)
Market Cap: US$50 billion
Financials Sector listings includes three of the world’s six strongest banks (37 companies)
Market Cap: US$169 billion
Real Estate Asia’s broadest range of REITs covering Asian assets (71 companies)
Market Cap: US$96 billion
Infrastructure
Innovative Business Trusts offering access to Asian infrastructure investments (11
companies)
Market Cap: US$66 billion
Healthcare
Full range of companies from pharmaceuticals, healthcare services to medical
devices technology (26 companies)
Market Cap: US$10 billion
Resources&
Commodities
Growth sector including world’s largest palm oil company (34 companies)
Market Cap: US$47 billion
The Listing Choice in Asia
Top Sectors on SGX
Source: Bloomberg & Singapore Exchange, Jun 2012
SGX The Asian Gateway SGX The Asian Gateway
Trading Asia in One Place
The Listing Choice in Asia 6
Equity Derivatives China and India Asian companies
listed in US Commodities Bonds
Asia’s most
international
listing venue
775 listed
companies
Asia’s leading
ETF venue
Single point
access to Asian
markets
Covering 80% of
Asia’s equity
markets
Only exchange
outside China to
offer futures for
exposure to
China’s 50 largest
companies.
Futures contracts
on India’s largest
companies
ETFs
Bonds
Large Asian
companies traded
on newsflow in
Asian time zone
as ADRs
Trading:
Rubber
Fuel oil
Copper
Zinc
Aluminium
OTC Clearing:
Rubber
Coal
Iron Ore
Freight
Energy
Asia’s bond
centre
1446 bonds
30 countries
10 currencies,
including RMB
SGX The Asian Gateway SGX The Asian Gateway
Fund-raising in Singapore Proven in Bull & Bear Markets
Deep Market for Capital Raising
The Listing Choice in Asia 7
0.3 1.1 1.1
2.2
3.9 5.3 5.7
1.4 2.3
5.0
8.3
1.5 1.4 1.4 1.3
1.8
2.7
2.8
10.5
2.9
15.2
3.5
5.0
1.7
0
2
4
6
8
10
12
14
16
18
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012/08
Fu
nd
s R
ais
ed
(U
S$b
illio
n)
Secondary Fundraising
IPO Fundraising
SGX The Asian Gateway
Access
Wealth Management Hub of Asia
8 The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Over US$1.8 trillion AUM1
– Institutional Funds >US$1,100 billion
– Private Wealth Management >US$400 billion
– Temasek and GIC >US$300 billion
Over 2,500 investment professionals
AUM in Hong Kong about US$1.3 trillion2
World's largest wealth management centre by 20133
Singapore: Wealth Management Hub of Asia
9
Sources:
1 MAS 2010 Survey report, industry sources, Temasek and GIC annual reports 2011
2 HK SFC 2010 Survey report
3 PWC Global Private Banking and Wealth Management Survey 2011
The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Aberdeen Asset Management
Artisan Partners
Blackrock Fund Management
Blackrock Asset Management
Capital Group Investment
Capital Research
Credit Sussie Asset Management
DBS Asset Management
Deutsche Asset Management
Fidelity International
Hartford Investments
Invesco Asset Management
JF Asset Management
JP Morgan
Global Investors in Singapore
10
JP Morgan
Legg Mason International
Legg Mason Global
Lion Group Investor
Lion Group Global Investment
Morgan Stanley Investment Management
Nomura Asset Management
Och-Ziff Capital
Prudential Financial
Schroder Investment Management
Temasek Holdings
UBS Strategy Fund Management
UOB Asset Management
Vanguard Group
Source: Bloomberg (Jan 2012)
The Listing Choice in Asia The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Active Retail Investors’ Participation
Company
Amount
Raised
(US$mn)
Public
Offer Size
(US$mn)
Retail
(Public Offer only)
Subscription Rate
Retail Subscription
Amount (US$mn)
HUTCHINSON PORT HOLDINGS 5,500 187 2x 281
MAPLETREE COMMERCIAL TRUST 709 96 5X 525
GLOBAL LOGISTIC PROP LIMITED * 2,111 154 11x 1,689
MAPLETREE INDUSTRIAL TRUST * 655 76 28x 2,108
SABANA SHARI'AH COMPLIANT REIT 491 60 12x 739
CACHE LOGISTICS TRUST 304 26 20x 525
SRI TRANG AGRO-INDUSTRY PUBLIC
COMPANY LIMITED** 264 19 1x 21
TIGER AIRWAYS HOLDINGS LIMITED 198 13 23x 306
SHENG SIONG GROUP 86 4 6X 21
BUMITAMA AGRI LIMITED 176 9 40x 367
The Listing Choice in Asia 11
Singapore retail investors can subscribe for IPOs via 2,000 ATMs
Note: * Both of these listed during the same week of 18 Oct 2010
** Thai-listed and subsequent dual primary listing SGX; currently at premium to offer price
Source: Company announcements
SGX The Asian Gateway SGX The Asian Gateway
South & Southeast Asia:
– 11,000 Indonesian citizens have custodian accounts with our depository
– 170,000 Malaysian citizens have custodian accounts with our depository
– 14,000 Indian citizens* have custodian accounts with our depository
China:
– QDII funds can invest in Singapore given MOU between MAS and CSRC for examples ChinaAMC
Global Selective Fund, China International Fund Management Co Ltd and ICBC Credit Suisse Asset
Management Co., Ltd
– Prominent Chinese investors in Singapore include Alibaba and Bosera, China Investment Corporation,
Sinochem, Petrochina and Huaneng
– Chinese citizen may remit up to US$50,000 overseas annually, per State Administration of Foreign
Exchange rules and may freely open trading and banking accounts in Singapore
– 23,000 Chinese citizens have custodian accounts with our depository
Asian Investors in Singapore
The Listing Choice in Asia 12
* Indian resident investors are allowed to invest up to US$200,000 outside India
Note: Bosera is the discretionary manager of certain equity portfolio of the National Council for Social Security Fund of the PRC
SGX The Asian Gateway
IPO Market Performance
13 The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
21 out of 24 IPOs this year opened up from
their offer price, with opening premiums
ranging between 5% and 55%
These 22 IPOs closed with a weighted
average return of 11% on their first trading
day.
Post IPO, the YTD weighted average return
stands at a healthy 17%
As an IPO destination in 2012, SGX offers
one of the world’s best performing and
stable stock markets, with the STI gained
13.8% till end-Sep 2012, ahead of Nikkei
225, Hang Seng Index, S&P/ASX 200 Index.
The STI is also the least volatile over the
last year.
Strong SGX IPO & Market Performance in 2012
14
Source : Bloomberg and SGX, 19 Oct 2012
* Sign up now at www.sgx.com/mygateway to receive our investment
updates & economic calendars
SGX The Asian Gateway SGX The Asian Gateway
Civmec (oil & gas support)
Listed on SGX on 13 April 2012
Business is heavy construction and engineering for offshore oil & gas, mining, others
Raised US$32mn with IPO market capitalisation of US$160mn
Opened at a premium of 48% (Issue price of S$0.40)
As of 26 July 2012, trading at a premium of 175%
Turnover of 200% of IPO market cap
Recent IPO Performance
Geo Energy Resources
Listed on SGX on 19 October 2012
Coal mine owner and operator, based in Kalimantan, Indonesia
Raised US$77million with IPO market capitalisation of US$307million
Attracted subscription monies of S$272 million, which is 2.9 times available shares
Issue price of S$0.325, closed 1st day of trading at S$0.435, a 34% premium
Turnover of S$150mn trades, which is 1.5 times float and 39% of IPO market cap
The Listing Choice in Asia 15
SGX The Asian Gateway
Strong Valuations and Liquidity
Obtain the right value for your business
The Listing Choice in Asia 16
SGX The Asian Gateway SGX The Asian Gateway
Source: Morgan Stanley Research - Asia Macro Report May 2012
Consensus 2012 Estimate PE shows Singapore (13.2x)
has higher valuation than HK (8.4x)
The Listing Choice in Asia 17
The PE comparison
from July 2009 to April
2012,
PE of MSCI HK
declined from
23.9x to 9.2x while
PE of MSCI
Singapore was down
from
16.1x to 12.7x. Source: Bloomberg, 15 May 2012
SGX The Asian Gateway
SGX Mineral, Oil & Gas Sector
18 The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
SGX Minerals Sector
The Listing Choice in Asia 19
Minerals Cluster
Sakari Resources
Liongold
CNMC Goldmine Holdings
Abterra
Growing cluster with turnover velocity of 159%
The Listing Choice in Asia 19
SGX The Asian Gateway SGX The Asian Gateway
Market Minerals Annual TOV
Australia 82%
Canada 131%
Hong Kong 33%
London 54%
Singapore 159%
Turnover Velocity: SGX vs Other Major Markets
20
Note: For the period 1 Jun 2011 – 31 May 2012
Sample for Australia, Canada, Hong Kong and London based on ICB Sector classification
Source: Bloomberg, SGX data
High relative annual turnover velocity shows market demand and investor interest
The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Go further with SGX’s higher turnover velocity
21
Coal
Miners
Top 3 TOV* Market Cap
(US$ bn)
Sakari
(SGX)
144% 2.1
Hidili
(HKEx)
120% 0.6
Shougang
(HKEx)
98% 1.6
Gold
Explorers**
Top 3 TOV* Market Cap
(US$ mn)
LionGold
(SGX)
349% 628
CNMC
(SGX) ***
318% 125
G-Resource
(HKEx)
49% 924
Driven by scarcity value and investor interest, SGX resource stocks have higher turnover velocity (TOV) vs HKEx
Source: Bloomberg
Note: * TOV is the value of equity traded for the period 1 Jun 2011 – 31 May 2012 divided by the average market capitalisation.
** Gold explorer defined as those gold exploration companies without significant revenue or profit
*** CNMC IPO on Catalist was on 28 October 2011. The figure is for the 7 months of trading on IPO market cap base.
The Listing Choice in Asia
SGX The Asian Gateway
Case Study
Sakari Resources (formerly known as Straits Asia
Resources)
22 The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Sakari Resources (SAR, formerly known as Straits Asia Resources) listed on the
SGX Mainboard in Nov 2006
SAR is a spin-off of ASX-listed Straits Resources Ltd’s (SRL) Indonesia coal assets
SAR enjoyed a valuation uplift
Sale of 60% SRL’s wholly owned sub SBI (owns 47% of SAR) to PTT in Mar 2009
VGO completed by PTT in Oct 2012, at 27.5% premium
Case Study: Sakari Resources
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
Straits Asia Resources (SGX) Straits Resource Limited (ASX) FTSE STI S&P ASX 200
23
Rebased to N
ov ‘06 p
rices
The Listing Choice in Asia
Spin off to SGX can unlock value
SGX The Asian Gateway SGX The Asian Gateway
Better Liquidity on SGX
Name
Total 12 month traded value
(US$ bn) Average Market
Cap (US$ bn) Turnover Velocity
(12 months) # of Analysts
Covering 2
Sakari Resources Ltd (SGX)3 3.35 2.27 147% 13
Bumi plc (LSE) 4 0.48 3.50 14% 3
Note: 1. Bumi plc completed the transactions to acquire stakes in Pt Bumi Resources and PT Berau on 4 March 2011
2. Bloomberg and Reuters 7 March 2012.
3. Sakari covered by BofA, CreditSuisse, Goldman, Macquarie, Standard Chartered, Nomura, UBS, CIMB, DMG, EVA, IIFL, OCBC, OSK
4. Bumi plc covered by Nomura, Religare and Liberum
Source: Bloomberg, Reuters
Sakari (SGX) vs Bumi plc (LSE) from 4 March 2011- 3 Mar 2012 1
The Listing Choice in Asia 24
SGX The Asian Gateway SGX The Asian Gateway
Better Valuation on SGX
Note: 1. Bumi plc is still loss making has not reported full year results yet. Thus we are using EV / Reserve and EV / Resource as metrics
2. Enterprise Value = Market Cap + Net Debt, used market cap on 3 Mar ‘12 and the latest financial statements. For Sakari, this is Full
Year 2011 announcement on 14 Feb 2012, while for Bumi plc this is Half Year 2011 announcement on 17 August 2011.
3. Attributed to Bumi plc which owns 29% of PT Bumi Resources and 85% of PT Berau.
4. Reserves are economically mineable. In the above table are the sum of Proven and Probable Reserves.
5. Resources are measured and/or indicated at high and/or reasonable levels of confidence, including Reserves. In the above table this
is the sum of Measured and Indicated Resources.
Source: Bloomberg, Company Prospectus, Annual Reports, Company Announcements
Sakari (SGX) vs Bumi plc (LSE) 1
Name Enterprise
Value 2 (US$bn)
Attributed3 Reserves 4
(mn Tons)
Attributed Resources5
(mn Ton) EV / Reserves (US$ / Ton)
EV / Resources (US$ / Ton)
Sakari Resources Ltd (SGX) 2.5
116
972
22.1
2.6
Bumi plc (LSE) 3.4
543
2,553
6.2
1.3
The Listing Choice in Asia 25
SGX The Asian Gateway
Case Study
CNMC Goldmine Holdings Ltd
The Listing Choice in Asia 26
SGX The Asian Gateway SGX The Asian Gateway
S$0.30
S$0.35
S$0.40
S$0.45
S$0.50
S$0.55
S$0.60
CNMC Share Price Since IPO
Closing Price
Gold exploration and mining in Sokor, Kelantan, Malaysia
IPO on 28 October 2011 with IPO market cap of S$161mn (issue price S$0.40)
Share price at close of first day of trading was up 24%
Turnover on first day of trading was 30% of IPO market cap
In the 7 months since listing, turnover is 318% of IPO market cap. No PE as loss
making and free float of 35% (Bloomberg)
IPO resource base of 148koz . Increase to 302koz (Nov ‘11), then 407koz (Apr ‘12)
Case Study: CNMC Goldmine IPO
The Listing Choice in Asia 27
Global top performing IPO debut by a gold mine in 2011
Valuation uplifts on IPO debut
SGX The Asian Gateway SGX The Asian Gateway
Formation
– CNMC (HK) incorporated on 28 Oct 2006
– 21 Nov 2007 & 20 Jun 2009 subscription of shares by key directors / founders
Pre-IPO round (28 Oct 2009 – 15 Nov 2010):
– entered into several convertible loans with pre-IPO investors
– Total S$6.35 mn
– Allotment of shares on 9 July 2010 and 14 Oct 2011
Restructuring
– CNMC (HK) acquired by CNMC Goldmine Holdings Ltd (to be listed) on 9 Oct 2011
– IPO on 28 Oct 2011
– Pre-IPO investors received ~S$13.6 mn value of shares at IPO price of S$0.40
– Absolute return of 2.1x, or a discount of ~53% to IPO price
Key Milestones (based on prospectus)
The Listing Choice in Asia 28
SGX The Asian Gateway
Case Study
LionGold
The Listing Choice in Asia 29
SGX The Asian Gateway SGX The Asian Gateway
S$0.35
S$0.45
S$0.55
S$0.65
S$0.75
S$0.85
Jul '10 Oct '10 Jan '11 Apr '11 Jul '11
LionGold Share Price Market Cap increase of over US$200mn
Acquired concessions (US$35mn)
Listed on SGX in 2005 as Asia Tiger, then subsequently changed name twice
Acquired gold concessions in Mali in Dec 2010 for US$35mn
Market capitalisation jumped by over US$200mn (Jun ‘12: US$670mn, price S$1.00)
Annual turnover velocity of 350%, no PE, free float of 73% (Bloomberg)
Acquired Signature Metals (Mar ‘12), bid for Castlemaine (Apr ‘12), Brimstone (Jun
‘12) and Republic Gold (Jun ‘12)
Concessions include those in Ghana, Mali and Mongolia
Case Study: LionGold
30 The Listing Choice in Asia
Latent market demand for Minerals companies
SGX The Asian Gateway
SGX
31 The Listing Choice in Asia
Your Exchange in Asia
SGX The Asian Gateway SGX The Asian Gateway
SGX Securities Markets
The Listing Choice in Asia 32
Exchange-regulated
& supervised
Exchange-regulated,
Sponsor-supervised
Established Companies Fast-Growing Companies
Exchange Sponsors
Established branding
Access to a wider range of
institutional investors
More product types
Faster time to market
Easier corporate actions
Regulatory Approach
Target Companies
IPO Review & Post-IPO Supervision
Key Benefits
Mainboard Catalist
SGX The Asian Gateway SGX The Asian Gateway
Short review process: 6-8 weeks
No restrictions on cornerstone and pre-IPO investors
partaking in public offer
No requirement on public tranche offering allocation
No minimum profit requirement
No restrictions on paid-up capital
Minimum public float of between 12-25%
For secondary fund raising, issuers may issue up to 50% of
issued capital under the share issue mandate
Prospectus only need be in English
Market Oriented Regulatory Framework
The Listing Choice in Asia 33
SGX The Asian Gateway SGX The Asian Gateway
Quantitative Criteria
34
(a) Minimum pre-tax profit of at least S$30 mn for latest financial year; OR
(b) Profitable in latest financial year with operating track record of 3 years and
market capitalisation of at least S$150 mn; OR
(c) Positive operating revenue in the latest financial year and a market
capitalisation of at least S$300 mn
AND must have minimum IPO share price of S$0.50
Mineral, Oil & Gas (MOG) explorers with adequate resource yet without financial
track record can gain admission via the MOG listing rules
(a) No quantitative requirement (Sponsor prescribes in-house criteria)
Mineral, Oil & Gas (MOG) explorers with adequate resource yet without financial
track record can gain admission via the MOG listing rules
Mainboard
Quantitative
Criteria
Catalist
Quantitative
Criteria
The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Criteria for Admission
– No revenue or profit requirements
– For minerals companies, established “indicated resources”
– For oil & gas companies, established "contingent resources”
– For Mainboard, market cap of at least S$300mn
Qualified Person's Report
– Not older than 6 months before date of lodgment
– Qualified Person professionally qualified, with at least 5 years relevant experience, and a
member/licensee of a self-regulatory professional organisation
Accepted Technical Standard: JORC, NI43101-PERC, SPE-PRMS
– Valuation: VALMIN
Other requirements (see rules):
– Working Capital Requirement of 18 months from date of lodgment
– For Mainboard, an independent director with appropriate industry experience & expertise
Summary of Mineral Oil & Gas Listing Rules
The Listing Choice in Asia 35
Principal activity is exploration for or extraction of minerals, oil or gas (MOG)
SGX The Asian Gateway SGX The Asian Gateway
SGX organises investor education
seminars
– Relevant topics in Minerals, or Oil & Gas
– Target audience is Investors (retail &
professional), analysts, media, remisiers,
regulators, bankers, etc.
– Short sessions, free attendance, usually
held at SGX Auditorium
Noteworthy sessions and speakers
– Peter Stoker, Chairman of JORC, on
“Intro to Minerals Industry”
– Barney Guarnera, Chairman of Behre
Dolbear on “Gold Exploration & Mining”
– Other topics: Coal Exploration & Mining,
Valuation of Minerals Companies, etc.
– More than 2,600 attendees
Investor Education to Build the Ecosystem
The Listing Choice in Asia 36
SGX The Asian Gateway SGX The Asian Gateway
Fast Time-to-Market - Equity Issue Timeline
The Listing Choice in Asia 37
Trading
Commences Pre-consult SGX & MAS
Concurrent Review
6-8 weeks 2 weeks 1 - 2 weeks
Lodgment and
Public Exposure
on OPERA
Registration
& Launch
Mainboard Timeline
Trading
Commences Notification to SGX
4 weeks 2 weeks 1 - 2 weeks
Lodgment and
Public Exposure
on Catalodge
Registration
& Launch
Catalist Timeline
SGX The Asian Gateway SGX The Asian Gateway
The Straits Times Index (STI) attracts an estimated US$23 billion from tracker funds
(based on industry estimate of 9% of free float), and inclusion into STI would invite
liquidity from such funds
Secondary listings can be included in the benchmark Straits Times Index (STI)
An issuer can be fast tracked into STI at close of first trading day if its market cap
exceeds 2% of that of FTSE ST All-Share Index
Half yearly review for otherwise new admission into STI
Key criteria for STI inclusion:
Largest 30 companies by market capitalisation
More than 15% free float (across all fungible markets)
At least 0.05% turnover (median daily trade per month)
Index Inclusion
The Listing Choice in Asia 38
SGX The Asian Gateway SGX The Asian Gateway
Asia’s lowest trading costs with no stamp duty and no sales tax
In Hong Kong, a US$10 billion company with 100% annual turnover velocity will
cost its investors US$20 million in stamp duties. No such stamp duties are
charged in Singapore.
Lower Trading Costs for Investors
The Listing Choice in Asia 39
Cost of securities trading
0
2
4
6
8
10
12
Singapore Hong Kong
Tax
Broker Commission
Exchange Fees
To
tal
Fee
s (
bp
s)
SGX The Asian Gateway SGX The Asian Gateway
Support and Partnering as a Listed Company
40
BOARD EXCELLENCE
Board Effectiveness Service
(Heidrick & Struggles)
Board Management Tool
(NASDAQ – Directors Desk)
Board D&O Survey
(AON)
Corporate Governance Education
Programs
(Singapore Institute of Directors)
CORPORATE ACTIONS
Dividend Distribution
(CDP)
Capital Raising
(CDP - Rights issue/bonus issue/stock
splits/share buyback/private placement)
Shareholding Services
(CDP)
Proxy and Poll Voting
(Broadridge)
INVESTOR OUTREACH
Company Research
(S&P - SERI Plus)
Corporate Intelligence
(NASDAQ- CI)
Investor Relations Website Hosting
(NASDAQ – Web360)
Media Solutions
(NASDAQ - Audio/Video;
Xpress Holdings – Print/Bind)
Corporate News Distribution
(NASDAQ – GlobeNewsWire)
Investor Road Shows
(SGX, UBS & DBS)
The Listing Choice in Asia
SGX The Asian Gateway SGX The Asian Gateway
Summary of How You Can Benefit
41
Listing of your company on SGX – get the most of profiling and liquidity 1
Conduct Investor Education to raise your profile 2
Be available to serve as an Independent Director 3
Base your equity research analysts in Singapore 4
Base your professional services (geology, mining engineering, valuation) 5
SGX The Asian Gateway SGX The Asian Gateway
This presentation is being made available to certain authorized recipients for their general information only.
While SGX and its affiliates have taken reasonable care to ensure the accuracy and completeness of the information provided in this presentation, they will not be liable for any loss or damage of
any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such
information. Neither SGX nor any of its affiliates shall be liable for the content of information provided by or quoted from third parties. Examples provided are for illustrative purposes only. The
information in this presentation is subject to change without notice.
Any recirculation, transmission or distribution of this presentation or any part thereof by any third party requires the prior written permission of SGX. SGX and its affiliates disclaim all responsibility
and liability arising in connection with any unauthorised recirculation, transmission or distribution of this presentation or any part thereof.
© SGX Ltd, November 2010
www.sgx.com
Thank You
42
Singapore Exchange • London • Tokyo • Beijing
2 Shenton Way, #19-00 SGX Centre 1, Singapore 068804
Main: (65) 6236 8888 Fax: (65) 6535 6994
The Listing Choice in Asia
For more information, please contact:
Foong Chong Lek
Listings – Mineral, Oil & Gas
(65) 6236 8280