Congratulations to LY Corporation Limited for its successful listing on the Catalist board of the Singapore Exchange Securities Trading Limited.
We acted for UOB Kay Hian Private Limited, the Sponsors to LY Corporation Limited in its listing on the Catalist board of the SGX.
LY Corporation Limited and its subsidiaries (the “Group”) is one of Malaysia’s leading manufacturers and exporters of wooden bedroom furniture. With an established track record of approximately 40 years in the furniture industry, the Group is an established original design manufacturer principally engaged in the design and manufacture of custom wooden bedroom furniture, and the manufacture of custom wooden bedroom furniture which may be tailored to customers’ specifications and requirements on an original equipment manufacturer basis.
As at 15 December 2017, the Group operates from 15 factories and warehouses, occupying a combined built-up area of approximately 1.4 million sq ft. Its products are sold mainly to overseas dealers such as furniture wholesalers and retailers who generally resell the products to end-users through their respective retail networks and domestic customers who are primarily third party agents who typically export and resell its products outside Malaysia, such as to the U.S.
LY Corporation is expected to have a market capitalisation of about S$127.2 million at listing.