Malaysian firm EDM Group lists on 1X as it look to expand products

Malaysia’s EDM Group which touts itself as a brand maker in the beauty skincare, cosmetics, health care and supplements industry, has entered a private direct listing on Singapore's first regulated private securities exchange 1exchange (1X). 1exchange is  a member of global digital finance group CapBridge Financial.

EDM Group meanwhile, enables aspiring entrepreneurs to develop their own branded products through leveraging the company's core strengths in manufacturing, marketing and management. It claims that since 2016, it has supported entrepreneurs to create over 10,000 brands in Asia.

Datuk seri Edmund Heng, founding director of EDM Resources Group, said, "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.”

Heng added that 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”. Heng further noted, "Looking forward, we will expand our market of 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 anti-cancer vaccine, anti-HPV vaccine, and anti-drug medication to Malaysian hospitals and organisations. We hope that these new products will be able to help more Malaysians and even ASEAN countries achieve better health."

1exchange chief executive officer, Victor Chia, said, "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."

Based in the global financial hub of Singapore, 1X is the first regulated private securities exchange 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 development, marketing, and trading of digital collectibles.

Mohamed Nasser Ismail, global head of equity capital markets, SGX, added that 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.“

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