Infinity Development Holdings Achieves Dual Listing on SGX Catalist

Key Developments and Implications for Investors

Infinity Development Holdings Company Limited (“Infinity Development”), a leading manufacturer of adhesives and chemical products essential to the global footwear industry, has successfully commenced trading on the Singapore Exchange (SGX) Catalist board under the stock code “ZBA”. The listing marks a significant milestone for the company as it expands its capital markets presence beyond its existing listing on the Hong Kong Stock Exchange (HKSE: 640).

Key Points in the Report

• Dual Listing: Infinity Development now trades on both the Hong Kong Stock Exchange and SGX Catalist, strengthening its regional presence and providing access to a broader base of investors.
• Opening Price: The company opened trading at S\$0.39 per share on SGX Catalist, a key reference point for new investors.
• Business Overview: Headquartered in Macau, Infinity Development manufactures adhesives, primers, hardeners, and related products mainly for the footwear industry. Its proprietary “Zhong Bu” and “Centresin” brands are marketed primarily in Vietnam, Indonesia, Bangladesh, and the PRC.
• Operational Footprint: The company operates advanced manufacturing facilities in China, Vietnam, and Indonesia, bolstered by an extensive network of subsidiaries and regional offices across Asia, including Singapore, India, Malaysia, Taiwan, Cambodia, and Bangladesh.
• Industry Position: Infinity Development is ranked in the top four among manufacturers of footwear adhesives in Asia, providing vital materials for every stage of footwear production.
• Growth Trajectory: Since its Hong Kong listing, the company has achieved steady business growth and is now poised for further expansion, leveraging stronger access to Singapore’s capital markets.
• Leadership Comments: Chairman and CEO Ieong Un expressed gratitude to stakeholders and highlighted the importance of staff contributions, signaling a stable management outlook and ongoing commitment to growth.
• SGX Endorsement: SGX management welcomed the listing, noting increased investor interest and fundraising activity in Singapore, and emphasized support for Infinity’s regional growth ambitions.

Potential Price-Sensitive and Shareholder-Relevant Information

• Expansion of Investor Base: The dual listing gives Infinity Development access to a new pool of institutional and retail investors in Singapore, which could enhance liquidity and visibility, potentially supporting share price appreciation.
• Growth Opportunities: The listing is described as a “timely move” to capitalize on fundraising opportunities in Singapore, indicating potential plans for future capital raising or strategic initiatives funded through the new listing.
• Industry Leadership and Brand Strength: The company’s established brands and broad Asian presence reinforce its competitive positioning, which may attract long-term investors seeking exposure to the growing Asian consumer and manufacturing markets.
• Ongoing Business Performance: The company is recognized for steady business growth, and the new listing signals confidence in sustainable expansion and possibly improved financial performance in the coming quarters.

Strategic Implications for Investors

For shareholders and potential investors, Infinity Development Holdings’ dual listing could be a catalyst for enhanced trading volumes, improved market valuation, and increased analyst coverage. The company’s top-four industry ranking, strong technical expertise, and robust Asian footprint underscore its potential as a regional leader in footwear adhesives and related products.

The company’s ability to tap Singapore’s capital markets at a time of heightened investor interest may also support future growth plans, including regional expansion, increased R&D, and potential M&A activity. The opening price of S\$0.39 per share provides a reference point for tracking subsequent trading performance.

Shareholders should monitor announcements regarding fundraising, strategic partnerships, and operational updates that may follow this dual listing as these developments could be highly price-sensitive.

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