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Singapore, 25 February 2022 – Nexia TS is pleased to announce that it has successfully assisted LS 2 Holdings Limited (“LS 2” and together with its subsidiaries, “LS 2 Group”) in its initial public offering (IPO) listing on the Singapore Exchange Catalist board. The Singapore-based environmental services provider debuted yesterday 47.5 per cent higher than its IPO price of S$0.20.
In addition to the cleaning services, LS 2 group has an established network of subcontractors to deliver integrated environmental services such as waste management services. Their customers comprise entities from both the private and public sectors in Singapore and include town councils, facilities managers for commercial and private residential properties, public and private education institutions and private companies.
The firm acted in the capacity of Reporting Auditors while RHT Capital is the full sponsor and issue manager, and Soochow CSSD Capital Markets (Asia) is the placement agent.
Mr. Alvin Ong, Chief Executive Officer and Executive Director, said, “Our company engaged Nexia TS in connection with the proposed listing of LS 2 Holdings Limited on the Catalist of The Singapore Exchange Securities Trading Limited (“SGX-ST”), the Nexia TS team led by Meriana Ang had demonstrated their professionalism as Reporting Accountant for LS 2 and were very professional, thorough, proficient and knowledgeable and delivering a good result within tight timeline in a whole IPO process. We are grateful for the team’s commitment.”
Henry Tan, Group CEO and Chief Innovation Officer, Nexia TS, said “Congratulations to LS 2 on a successful IPO. The firm is proud to mark this significant milestone together with the company as going public can be a complicated and time-consuming process. Taking this opportunity, we thank the management team of LS 2 for their support and confidence in us to be their trusted reporting auditors. On behalf of our engagement team, we look forward to working with the LS 2 group in its expansion journey.”
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