SGX Securities Welcomes Prosper Cap Corporation Limited To Catalist

4 weeks ago 69

Date 26/01/2024

SGX Securities is pleased to welcome Prosper Cap Corporation Limited to Catalist under the stock code “PPC”.

Incorporated in 2019, Prosper Cap Corporation Limited’s core business comprises investing in and managing the operations of hospitality and lodging-related business. It owns a portfolio of 17 hospitality assets in key regional cities in the United Kingdom. The 17 predominantly upscale hotels in the portfolio are managed by leading hotel operator Valor Hospitality Europe Limited and are operated under franchise agreements with IHG, Hilton and Marriott.

Iqbal Jumabhoy, Executive Director and Chief Executive Officer, Prosper Cap Corporation Limited, said, “Following our successful listing on SGX, we are excited about the future prospects of Prosper Cap as we embark on this new chapter of growth and global collaboration.  Our strategic initiatives include expanding our portfolio with our eye on sustainability and growing our presence in the global hospitality and lodging-related market.  Our commitment to delivering value to shareholders remains paramount, and we are dedicated to fostering transparency, growth, and sustainable returns.”

Koh Jin Hoe, Head of Capital Markets, Global Sales and Origination, SGX Group, said, “We are delighted to welcome Prosper Cap Corporation Limited to SGX Catalist. Prosper Cap, with its portfolio of high-quality assets across the U.K., coupled with the proven track record of its highly experienced management team, is well-positioned to seize growth opportunities ahead. We are excited that Prosper Cap is leveraging the SGX platform for further expansion. We look forward to supporting their journey of continued success.”

With this listing, SGX Securities’ real estate cluster has a total number of 96 listings with a combined market capitalisation of approximately S$133 billion.

Prosper Cap Corporation Limited opened at S$0.20 today.

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