SGX Securities welcomes TSH Resources Berhad to Mainboard
Published on 26/09/2023
SGX Securities today welcomed the secondary listing of TSH Resources Berhad (TSH Group) to Mainboard under the stock code “TSH”.
TSH Resources Berhad, which is primary listed on Bursa Malaysia, is principally engaged in oil palm cultivation and processing of fresh fruit bunches into crude palm oil and palm kernel. Its oil palm plantations and palm oil mills are located in Sabah, Malaysia, and Kalimantan and Sumatera in Indonesia. The company is headquartered in Kuala Lumpur, Malaysia.
Kelvin Tan Aik Pen, Chairman, TSH Resources Berhad, said, “The secondary listing on SGX marks another momentous milestone for the company. This secondary listing will facilitate a new phase of development for the company, and we are excited with the opportunities. While continuing to grow our plantation portfolio, we will also be open to businesses on solar energy and decarbonisation for our 100,000ha of sustainable forestry asset. We recognise there will be challenges but we are committed to stay the course in building sustainable value for all our stakeholders.”
Pol de Win, Senior Managing Director and Head of Global Sales and Origination, SGX Group, said, “We extend a warm welcome to TSH Resources Berhad on their secondary listing to our Mainboard. With this listing, TSH Resources can gain access to a broader and more diverse investor base, enabling them to strengthen their regional and international visibility. Congratulations to TSH Resources Berhad once again.”