JOCOM boosts regional visibility and enhances liquidity with 1X's fully digital listing.
E-commerce
Malaysia
201-500
2015
“Our new status as a listee on a private securities exchange backed by the SGX will expose Jocom to a new pool of investors and enhance its positioning for more business opportunities in the future.”
- Joshua Sew, Founder and CEO of Jocom International Holdings
Company Background
JOCOM is Malaysia's first online grocer app, an m-commerce platform that connects rural farmers, traders, and vendors with urban consumers through e-commerce. Standing for "Just Order Convenient On Mobile," JOCOM offers merchants a cost-free platform to promote their products with a flexible pricing system while providing consumers with a convenient shopping experience directly on their smartphones.
1X's Role
Approximately 26.7% of JOCOM's total shares outstanding, valued at S$5.6 million, were listed on 1X through a fully digital process. The listing on 1X had a similar administrative process compared to a recognized public exchange, providing JOCOM with a run-down on listing processes.
In addition, the listing also helped JOCOM increase company awareness in the region, garnering extensive news coverage on mainstream media outlets such as Business Times, The Edge, Yahoo!Finance, Deal Street Asia, and more.
