RHT Capital launches into its new role from a position of strength with the attainment of the CMS license and Catalist Full Sponsor status. The team, clockwise from left: Leong Weng Tuck, Nicole Khoo, Zheng Yufeng, Nathaniel C.V., Darrell Su, Shervyn Essex, Mah How Soon, Khong Choun Mun.
RHT Capital Pte. Ltd. (“RHT Capital” or “the Company”), an SGX-approved Continuing Sponsor to Catalist-listed companies, is pleased to announce that it has attained the Capital Market Services license from the Monetary Authority of Singapore (MAS) which authorises the Company to act as Issue Manager for SGX Mainboard Initial Public Offerings (IPOs) as well as Financial Advisor / Independent Financial Advisor for corporate actions undertaken by public listed companies such as mergers and acquisitions (M&As) and capital-raising exercises.
Additionally, RHT Capital has also been granted the Catalist Full Sponsor status by the Singapore Exchange (SGX), granting it the authority to act as Full Sponsor to Catalist IPOs and Reverse Takeovers (RTOs)/Very Substantial Acquisitions (VSAs).
As a Catalist Full Sponsor, RHT Capital will be able to conduct introduction activities in connection with preparing a listing applicant for admission to the Catalist board or advise an issuer on reverse takeovers. This is in addition to its current duties as a Continuing Sponsor, which includes supervising and advising issuers on compliance with their continuing listing obligations and other legal requirements.
Launching from a Position of Strength
“For the past 5 years, RHT Capital has been a Continuing Sponsor for a significant number of SGX Catalist listed companies. We have established a firm foundation of knowledge and processes to assist Catalist issuers navigate a wide range of corporate scenarios and transactions. With the attainment of the CMS license and the Catalist Full Sponsor status, we are launching into this new role from a position of strength, as we offer potential issuers a ready set of capabilities in dealing with the challenges and complexities of being a public company,” said Mr Jayaprakash Jagateesan, Chief Executive Officer, RHT Holdings Pte Ltd (“RHT Holdings”).
In lockstep with today’s achievements, RHT Capital welcomes on board two industry veterans in Singapore’s corporate finance scene, Mr Khong Choun Mun as Chief Executive Officer and Mr Mah How Soon as Managing Director, who will both head up RHT Capital.
Khong Choun Mun has more than 25 years of corporate finance and equity capital markets experience in both the local and regional equity markets as well as advising businesses on M&A. He has been involved in the advisory and underwriting of more than 100 IPOs and numerous secondary fund raising exercises for companies listed on both the SGX and regional stock exchanges.
Mah How Soon has more than 16 years of transactional and management experience in corporate finance in international and local financial institutions, and boutique advisory firms. He has played a key role in advising companies from many industries and countries on a wide range of transactions relating to both equity capital markets, and mergers and acquisitions.
“Beyond providing full sponsorship and corporate finance services to listed issuers, RHT Capital is unique amongst other licensed corporate finance firms, as we are an integral member of RHT Holdings, a leading multidisciplinary professional services group with an increasingly regional outlook and ambition,” Mr Khong Choun Mun, Chief Executive Officer of RHT Capital remarked.
RHT Capital is a subsidiary of RHT Holdings, a Singapore-headquartered leading professional services group that delivers multidisciplinary business solutions to clients. RHT Holdings’ range of services straddles corporate advisory, compliance, governance & risk advisory, intellectual property advisory, management services, in addition to RHT Capital’s role as a Continuing Sponsor to Catalist-listed companies.
RHT Capital was founded almost 5 years ago and today, the Company advises around 20 listed issuers in the manufacturing, technology, energy and retail sectors. With the new addition, RHT Capital comprises a team of Registered Professionals who have vast experience in the capital markets, including initial public offering and secondary equity and debt fund raising, mergers and acquisitions, corporate actions, regulatory compliance and corporate governance. The team is well equipped to provide advice and guidance to potential issuers on their listings on either the Mainboard or the Catalist, and SGX listed companies on corporate transactions, continuing listing obligations, compliance with the laws and regulations, and corporate governance.