Tomorrow, Australian-based Civmec Limited (Civmec) (code CVL) will officially list on the Australian Securities Exchange (ASX). As Civmec is currently listed on the Singapore Exchange (SGX) the company will now have dual listing status.
Since establishing in 2009, Civmec, an Australian based multi-disciplinary construction and heavy engineering provider, has played a major role in many of Australia’s prestigious and complex projects in the oil and gas, metals and minerals and infrastructure sectors and has established a reputation for being a provider of quality construction and engineering services. More recently the company secured a significant award in the marine and defence market where it will support the nations defence shipbuilding program.
The ASX listing provides Civmec with an additional platform to broaden its shareholder and capital base, while also building on the excellent support Civmec has received from investors in Singapore, since listing on the Singapore Exchange in April 2012.
Mr. James Fitzgerald, Executive Chairman of Civmec, said “this is a very exciting chapter for the company and we see it as positive move for both our current and future Australian investors. We look forward to Australian investors being able to share in our successes through an investment in the company.”
Mr. Patrick Tallon, Chief Executive Officer of Civmec, said “with our past and current projects predominately delivered by our Australian workforce on Australian soil and our growth prospects mainly focussed on the Australian market, we see this as a natural move to exhibit our home identity.”
Civmec will commence trading on the ASX tomorrow 22 June 2018 at 12:00 PM AEST under the ASX code CVL.
To read the full press release, please click here