Infinity Development plans dual listing on SGX Catalist: IFR

Infinity Development plans dual listing on SGX Catalist: IFR

Infinity Development, a prominent player in the real estate and infrastructure sector, has announced plans to dual-list its shares on the Singapore Exchange's Catalist market. This strategic move aims to expand the company's investor base and increase liquidity. The dual-listing process is expected to take a few more months to complete, mirroring similar initiatives undertaken by other companies like Diginex Ltd [1].

Infinity Development operates in the high-growth sectors of real estate development and infrastructure projects. The company has seen significant growth in recent years, driven by its robust pipeline of projects and strong financial performance. The dual-listing on SGX Catalist will provide Infinity Development with access to a broader range of investors, including institutional investors and retail investors in Singapore and the region.

The dual-listing process involves entering into a Memorandum of Understanding (MOU) with a potential partner, similar to Diginex Ltd's MOU with Nomas Global Investments LLC S.P.C for its dual-listing on the Australian Securities Exchange [2]. This MOU will facilitate the listing of Infinity Development's shares on the SGX Catalist and potentially open doors to a capital raise focused on large institutional investors.

Infinity Development's strategic move comes at a time when the company is looking to expand its operations and explore new growth opportunities. The dual-listing on SGX Catalist aligns with the company's long-term vision of becoming a leading player in the real estate and infrastructure sectors in Southeast Asia.

The dual-listing process is expected to take a few more months to complete. Infinity Development has not disclosed the specific timeline for the dual-listing or the potential capital raise. However, the company has indicated that the dual-listing will be a significant milestone in its growth journey.

References:
[1] https://www.ainvest.com/news/diginex-dual-listing-process-ongoing-expected-months-2508/
[2] https://www.marketscreener.com/news/diginex-provides-update-on-mou-for-adx-dual-listing-potential-capital-raise-and-regional-uae-and-g-ce7c50dbd881f426