UOB and CapBridge signed an agreement to offer private-capital services to private, high-growth companies in Singapore and in the bank’s other key markets, including China, Hong Kong, Indonesia, Malaysia, Thailand and Vietnam, the two said Monday.
Through CapBridge’s platform, UOB’s clients will be matched with anchor investors and accredited co-investors, to provide private capital as a source of funding and to help companies broaden their investment base, they said in a joint statement.
UOB’s clients will also be able to list some of their equity on CapBridge’s affiliate 1exchange, or 1X, which is Singapore’s only regulated private securities exchange platform, the statement said. Singapore Exchange owns a stake in 1X, it said.
“The private capital market is a fast-growing source of primary and secondary capital for many companies,” Johnson Chen, founder and CEO of CapBridge, said in the statement. “It offers stable capital and a value-adding stakeholder network in the form of sophisticated investors from the CapBridge platform.”
Edmund Leong, head of group investment banking at UOB, noted that his bank has been providing corporate clients with fundraising services, including loans, bonds, IPOs and alternative private financing.
“With our capital market expertise and through our collaboration with CapBridge and the 1X platform, we can offer our clients an even wider range of alternative private financing solutions to provide them with sustainable growth capital,” Leong said in the statement.
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