Home  >   News  >   2014  >   Nexia TS Successfully Completed IPO of Carpet Specialist, SMJ International Holdings Ltd on the Catalist Board of SGX

Nexia TS Successfully Completed IPO of Carpet Specialist, SMJ International Holdings Ltd on the Catalist Board of SGX

July 2014

 

Nexia TS is proud to be associated with the IPO listing of SMJ International Holdings Ltd (“The Group”), a carpet specialist serving the commercial and institutional sectors in Asia and has a track record of more than 25 years. This is the first IPO, Nexia TS is involved for the year 2014 in Singapore. The market capitalisation based on placement price of 28 cents is $22million.

 

 

SMJ would like to express our appreciation to Nexia TS for their diligent reporting accountant team in our IPO exercise. We applaud them for putting in tremendous effort in meeting the deadlines set by 

our Sponsor and more so because our IPO audit was carried out in the traditionally peak period for audit firms.” Rena Ho, CEO, SMJ International Holdings Ltd

 

We are proud to be associated with SMJ, a company that has its roots traced to the late founder, which has now been successful transited to 2nd generation family members and a successfully specialist in Asia. We look forwrad to continued partnership with SMJ, listening, thinking and growing together.Henry SK Tan, Managing Director, Nexia TS.

 

The Group specialises in the sale and distribution of a wide range of premier carpets marketed under its proprietary “SMJ” brand through its global distribution networks. In addition, the Group is appointed by Shaw Industries(a member of Berkshire Hathaway Inc.) as the authorised supplier for its “Shaw Contract Group” range of carpets in Singapore.

 

The Group derives its revenue from Distribution Sales or Contract Sales. Distribution Sales relate mainly to sales to carpet dealers and carpet installers on wholesale basis. Contract Sales relate mainly to sales to property developers, contractors, established business owners or interior design consultants, which involve supply and installation of carpets for offices, convention halls, hotels, cinemas, hospitals and institutions.

 

 

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 China 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 more than 28,000 professional staff serving our clients at over 650 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

 

Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)
danielchen@nexiats.com.sg