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Nexia TS Successfully Supported Jawala Inc. in its IPO Listing on SGX Catalist Board

June 2018

 

Singapore, 25 June 2018 – Nexia TS congratulates Jawala Inc., a key sustainable Malaysian-based timber firm, on its successful IPO listing on SGX Catalist Board on 1 June 2018, placing out a total of 18 million shares at an offer price of $0.25 per piece.

 

Nexia TS acted as the Reporting Auditors supporting in the IPO listing. UOB Kay Hian was appointed the Sponsor, Issue Manager, Underwriter and Placement Agent for the listing.

 

Jawala Inc. is a forest resource company that focuses on managing and developing industrial tree plantations using sustainable forest management practices which enable the company to produce more uniform timber, reduce wastage and harvest more efficiently.  The group currently manages a Licensed Area of approximately 11,043 hectares in the Sapulut Forest Reserve, Sabah.

 

“Our listing exercise on the SGX Catalist Market took us less than a year from start to finish. We are grateful to have Nexia TS as our reporting auditors as their team exhibited professionalism and dedication with flexibility in assisting us throughout the listing.  

 

We really appreciate Nexia TS’s contributions and we will not hesitate to recommend Nexia TS to any company who wish to embark on the same journey as we did.”

Julie Tan, Chief Financial Officer, Jawala Inc.

 

“Congratulations to Jawala Inc. for its successful IPO listing on SGX. Taking this opportunity, we would like to thank Jawala for placing its trust and confidence in our Assurance team to embark on this significant IPO journey together. We look forward to fostering a stronger and solid working relationship to steer the company to greater heights.”

Henry Tan, Managing Director, Nexia TS

 

About Jawala Inc:

Jawala Corporation Sdn. Bhd was founded on 13th April 1984. We started as a sawn timber exporter. With the continual growth over the last 18 years, we have developed into a general trading company.

 

We can offer a multitude of goods and services. These include a wide range of wood, palm oil and petroleum products. We are also involved in engineering procurements, counter trade and investment through joint ventures in infrastructure and industrial projects

 

We enjoy excellent market access to countries in Africa and the Middle East and to some extent the Russian Federation and Cuba. Nonetheless, we are continually searching for partners in various countries for a mutually beneficial business relationship.

 

We are indebted to many suppliers, transport companies, financial institutions and the Malaysian Government agencies for our progress hitherto.

 

For more information, please visit http://www.jawala.com.my.

 

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.

 

Media Contacts:

Grace Lui
Head of Marketing Communications
+65 6597 7297
gracelui@nexiats.com.sg

 

May Tan
Marketing Communications Manager
+65 6534 5700 (ext. 861)
maytan@nexiats.com.sg