HOMEVEST lists on 1Exchange, Singapore’s First Regulated Private Securities Exchange

KUALA LUMPUR, MALAYSIA – Media OutReach – 13
January 2022 – Homevest Sdn Bhd (“HOMEVEST”) has successfully listed on the
1Exchange (“1X”) platform, Singapore’s first private securities exchange
regulated by the Monetary Authority of Singapore (MAS), in a listing process
today.

 

From Left: HOMEVEST Corporate Lawyer,
Lew Choon Meng;
HOMEVEST Corporate Advisor, Datuk Wira Haji
Muhammad Faizal Zainol; HOMEVEST, Dato’ KY Lim, Group Managing Director; Dato’
Marcus Low, Executive Director & CEO; Puar Chin Jong, Independent
Non-Executive Director; Hong Boon Toh, Independent Non-Executive Director;
Victor Chia, CEO of 1Exchange, Johnson Chen, CEO of CapBridge & Founder of
CapBridge Financial Group and Mohamed Nasser, Senior Vice President and Global
Head Equity Capital Markets at SGX.

HOMEVEST consists
of 3 divisions including HOMEVEST Capital, HOMEVEST Living and HOMEVEST
Development. HOMEVEST is in the business of property investment, management,
acquisition and development. Formerly known as KYY Empire and founded in 2016,
the company has made a significant impact on the
Malaysian property market with out-of-the-box property solutions. Within 5
years period, HOMEVEST’s has won numerous recognitions and awards throughout
the region.

HOMEVEST is
currently managing a wide range of properties portfolio of RM328 million
covering Klang Valley and Johor Bahru. HOMEVEST had also obtained its ISO
status being a certified company holding the ISO9001 Quality Management System
and ISO14001 Environment Management System certifications.

This newly obtained
status for HOMEVEST on 1Exchange will further strengthen HOMEVEST’s positioning
in property development and project acquisition. Based in the global financial
hub of Singapore, 1X is the first regulated private securities exchange with a
Recognised Market Operator licence granted by the Monetary Authority of
Singapore. 1X is part of CapBridge Financial, backed by Singapore Exchange
(“SGX”), SGInnovate, Hong Kong Cyberport and South Korea-based Hanwha
Investment, among other strategic/institutional shareholders. It allows HOMEVEST to diversify its investor base by expanding to a
broader community globally and digitally.

Moving forward,
HOMEVEST aims to develop sustainable Smart City ecosystems with its preferred
technology partner, Huawei Malaysia to implement and inaugurate edge cutting
innovative technologies solutions in the smart city development.

Dato’ KY Lim, Group
Managing Director of HOMEVEST, said, “Today’s event marks a historical
milestone for HOMEVEST. It brings us one step closer to achieving our vision of
creating a world shaped by sustainable and smart-living communities with
close-knit relationships. Over the years, HOMEVEST has seen rapid growth in its
properties portfolio, investors and client base. We are looking forward to
unlock more value for our shareholders, partners and homeowners.”

Lim further added,
“It is our privilege for HOMEVEST to be listed in 1Exchange, the first
MAS-regulated private securities exchange in Singapore and a member of leading
integrated private market ecosystem, CapBridge Financial. We decided to be
listed in Singapore because it is one of the world’s top financial hubs and is
an attractive market due to its competitiveness and reputation in the business
environment, human capital, infrastructure and financial sector.”

Lim continued, “In
2020, the Covid-19 pandemic disrupted almost everything globally. We took this
time to redefine our brand and realign our priority to focus on Environmental,
Social and Governance (ESG) goals for the post-pandemic world. We believe in
the importance of sustainable practices and we are committed to address
sustainability in our business.”

Dato’ Marcus Low,
Executive Director & CEO of HOMEVEST, added, “There is still a huge
potential in the Malaysian property market, with our average house prices on of
the lowest when compared to houses in China, Australia, Singapore and other
Southeast Asia countries. While we continue to offer home affordability
solutions to our customers, we are committed to reinvest our profits for
sustainable growth and to generate returns for our shareholders.”

The direct listing
on 1Exchange was marked by a virtual gong-striking ceremony on 12 January,
attended by representatives from HOMEVEST, Dato’ KY Lim, Group Managing
Director; Dato’ Marcus Low, Executive Director & CEO; Corporate Advisor,
Datuk Wira Haji Muhammad Faizal Zainol; Puar Chin Jong, Independent
Non-Executive Director; Hong Boon Toh, Independent Non-Executive Director;
Victor Chia, CEO of 1Exchange, Johnson Chen, CEO of CapBridge & Founder of
CapBridge Financial Group and Mohamed Nasser, Senior Vice President and Global
Head Equity Capital Markets at SGX.

We are delighted
that HOMEVEST has selected 1exchange as their listing venue. As Malaysia’s
business in property investment, management and development, HOMEVEST unlocks
value for their partners to make home ownership more affordable and accessible.
1Exchange is proud to be a partner to HOMEVEST and we look forward to its
continued growth. Said 1Exchange
Chief Executive Offer, Victor Chia.

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