Mazars assists Swang Chai Chuan in its listing on the Hong Kong Main Board

Mazars in Singapore is pleased to assist Swang Chai Chuan Limited (Swang Chai Chuan) in its successful Initial Public Offering (IPO) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) on 19 August 2022.

Together with Mazars in Hong Kong, Mazars in Singapore acted as joint reporting accountants for the IPO listing, providing high-quality audit and exceptional support and guidance.

Swang Chai Chuan is an established distributor of food and beverages and other products in Malaysia, supporting over 200 international and domestic brands

In this public offering, the Group offered a total of 241,000,000 shares under the Global Offering. The shares comprised 216,900,000 shares for the International Placing and 24,100,000 shares for the Hong Kong Public Offering.

The engagement was led by the following Mazars team members in Singapore, who worked closely together with the client to achieve this corporate milestone:

  • Ooi Chee Keong, Partner, Audit and Assurance
  • Daniel Ng, Manager, Audit and Assurance
  • Jayne Tan, Assistant Manager, Audit and Assurance

Mazars extends its warmest congratulations to Swang Chai Chuan on this significant milestone and looks forward to the Group’s continued success in the future.

Following the successful project as joint reporting accountants for Mindtell Technology Limited in 2018, this IPO listing not only marks another milestone for Mazars in Singapore and Mazars in Hong Kong, it also further reinforces the strengths of our integrated partnership model.

This is Mazars in Singapore’s third IPO project of the year, following the IWOW Technology Limited and Alpina Holdings IPO listings on the Singapore Exchange.