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Singapore, 1 June 2018 – Nexia TS is pleased to announce that it has successfully supported Hyphens Pharma International Limited in its listing on SGX Catalist Board on 18 May 2018, placing out 29.6 million new shares at $0.26 per share.
Hyphens Pharma International Limited is one of Singapore’s leading specialty pharmaceutical and consumer healthcare groups with three main core business segments – specialty pharma principals, proprietary brands, and medical hypermart and digital.
Nexia TS was appointed as the advisory firm supporting the IPO listing through its pre-IPO internal control review. DBS Bank was appointed the Sponsor, Issue Manager, Underwriter and Placement Agent for the listing.
“Nexia TS reviewed the internal controls of Hyphens Group, as part of pre-IPO requirements. The review was conducted professionally and useful recommendations for improvements were brought up. The team worked very hard and was able to deliver the review report and subsequent follow-ups within short timeframes.”
Fang Lee Wei, Chief Financial Officer, Hyphens Pharma International Limited
“Congratulations to Hyphens Pharma International Limited for its successful initial public offering. We are delighted to be involved in this specialty pharmaceutical and healthcare industry and being a part of the strong team of professionals who assisted Hyphens Pharma International Limited in achieving a positive and successful IPO experience.”
Henry Tan, Managing Director, Nexia TS
About Hyphens Pharma International Limited:
Hyphens Pharma International Limited and its subsidiaries (the “Group”) is one of Singapore’s leading specialty pharmaceutical and consumer healthcare groups leveraging on its diverse footprint in ASEAN countries. The Group has a direct presence in five ASEAN countries, namely, Singapore, Vietnam, Malaysia, Indonesia and the Philippines, supplemented by a marketing and distribution network covering five additional jurisdictions, namely, Hong Kong, Myanmar, Brunei, Cambodia and Oman. Singapore is the Group’s regional headquarters, where its strategic planning, finance, regulatory affairs, research and development, legal, business development and logistics operations are based.
The Group’s core business comprises the following segments: specialty pharma principals, proprietary brands, and medical hypermart and digital. Besides marketing and selling a range of specialty pharmaceutical products in selected ASEAN countries through exclusive distributorship or licensing and supply agreements with brand principals mainly from Europe and the United States, the Group also develops, markets and sells its own proprietary range of dermatological products and health supplement products. In addition, the Group operates a medical hypermart for healthcare professionals, healthcare institutions and retail pharmacies, to supply pharmaceutical products and medical supplies.
For more information, please visit http://www.hyphens.com.sg.
About Nexia TS:
Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.
To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals.
As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants. Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia TS Shanghai is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries.
Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with 30,750 staff serving our clients at 667 offices in 115 countries, it is ranked as the top 10 largest international accounting and consulting network.
For more details, please visit www.nexiats.com.sg.
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Nexia TS is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.