Guangdong’s Foshan company listed on Singapore Exchange Limited

On August 1, Bacui Technologies International LTD. (ticker: YYB.SI) was officially listed on the Singapore Exchange Limited (SGX), making it the first Foshan Shunde-based company to be listed in Singapore.

Bacui Technologies provide financial institutes and enterprises with outsourcing business in such areas as human resources, smart city services, archive digitization, property management, financial logistics, training and consulting. In order to create a win-win situation, the company claims it will increase investment and business in Singapore.

Bacui Technologies is not the only Foshan-based enterprise listed in Singapore. In 2004, Southern Packaging Group Limited became the very first Foshan-based enterprise to be listed in SGX (ticker Southern Pkg); In 2014, Debao Real Estate Development Co., Ltd. has also successfully listed in Singapore.

The listing of Bacui Technologies signifies an increase in the number of domestic and foreign listed Foshan-based companies to 78.

In recent years, Foshan has accelerated the implementation of its multiplying listing plan for enterprises, promoting more enterprises to achieve high-quality development through the capital market.

According to Shunde Science and Technology Bureau, in recent years, the recent reform of the national capital market brought benefits, and Shunde began the multiplying listing plan for businesses as well as the three-level linkage system of the city, district, and town (street). Shunde District successively published policies and work programmes, including the Action Program for Plan of Multiplying Listed Enterprises of Shunde Districtand the Measures for Promoting the High Quality Development of Enterprises Utilizing the Capital Market in Shunde District.

Reported by: Eliana Chen (Intern)

Edited by: Olivia, Jasmine, James