Malacca Trust lodges preliminary offer document for Catalist IPO

Malacca Trust, an established Indonesia-based group providing financial services, has lodged its preliminary offer document on the SGX’s Catalodge website, in connection with the proposed offer and listing of its shares on the Catalist board.

Malacca Trust provides a wide range of financial services to a diverse customer base including both retail and institutional customers in the Indonesian market.

The group’s business comprises three main segments: Consumer financing of primarily pre-owned passenger cars and commercial vehicles; Asset management services; and Equity and fixed income brokerage, margin financing and corporate finance advisory services.

PrimePartners Corporate Finance is the manager and sponsor, while UOB Kay Hian is the underwriter and placement agent. Drew & Napier represents the group as solicitors to the invitation.