JOCOM has enabled traditional businesses to tap on the power of digital technology to engage existing and new customers, connecting many rural farmers and traders with affluent consumers seeking quality products in a convenient way. With this listing on Singapore's 1Exchange, we look forward to going further to serve our shareholders, customers, and partners with even more innovative mobile commerce solutions."
Mr Joshua Sew, CEO of JOCOM, said, "In the past year, the demand for our integrated M-commerce solution has grown exponentially across both consumers as well as merchants and vendors. The company is ready to share its growth story with investors and kickstart a new brand journey for Jocom. "Our outperformance during Malaysia's Movement Control Order (MCO) at the height of the Covid-19 pandemic has proven our resilience and relevance as an essential, mobile-enabled business and we believe this is an opportune time to launch an overhaul of our own platform. "Funding aside, our new status as a listee on a private securities exchange backed by the SGX will also expose Jocom to a new pool of investors and enhance its positioning for more business opportunities in the future," he said in a statement today.
Mr Choo Haiping, CEO of 1X, said, "We are pleased to welcome JOCOM, Malaysia's fastest growing mobile commerce platform. For many customers, JOCOM's specialist mobile app has been a reliable, convenient, and efficient one-stop shop for their groceries and lifestyle needs. JOCOM has also contributed greatly to the digital transformation of many traditional businesses in Malaysia, through its accessible mobile commerce solutions. JOCOM can count on the 1X platform as it continues on its growth journey."
Mr Mohamed Nasser Ismail, Senior Vice President and Global Head Equity Capital Markets, SGX, witnessed the listing and added, "As a strategic partner and shareholder of 1X, SGX is pleased to witness the continued interest by many growth companies to seek a listing on the private exchange. I am heartened at the listing of JOCOM, which adds to the vibrancy of the broader capital markets and provides shareholders and other interested investors a market for tradeable private equities. We look forward to supporting JOCOM and other such companies to prepare for an eventual public listing when they are ready."
Read more on;
https://capbridge.sg/jocom-listing-on-1exchange/
https://finance.yahoo.com/news/1exchange-welcomes-listing-jocom-malaysias-073000044.html
https://www.retailnews.asia/malaysian-online-grocery-player-jocom-lists-in-singapore/
https://kr-asia.com/malaysian-grocery-app-jocom-raises-funds-via-listing-on-singapores-1exchange
https://vulcanpost.com/738323/malaysia-grocery-app-jocom-funding-listing/