Malaysia-based Jocom lists in Singapore's 1exchange

About 26.7% of its shares were listed at an aggregate value of $4.18m.

Malaysian mobile commerce operator Jocom International has listed on 1exchange (1X), a Singapore-based regulated private securities exchange, according to a press release.

About 26.7% of JOCOM total shares outstanding were listed on 1X at an aggregate value of $4.18m (S$5.6m). The 1X listing process was conducted entirely online and facilitated by the CapBridge platform.

The JOCOM mobile app connects over 500 vendors providing over 15,000 products with about 3 million customers across the whole of Malaysia.

1X is the world’s first regulated private securities exchange. It is part of CapBridge Financial, backed by the Singapore Exchange (SGX), SGInnovate, South Korea's Hanwha Investment and Securities Co, Hong Kong's Cyberport Macro Fund, and AMTD Digital.