CoAssets Successfully Lists on the NSX
NSX ANNOUNCEMENT 8 July 2015
Southeast Asia’s leading crowdfunding platform CoAssets lists on the National Stock Exchange -
First crowdfunding platform to list in Australia and one of the first worldwide –
CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), Southeast Asia’s leading crowdfunding platform for real estate, is pleased to confirm the Company has listed on the National Stock Exchange of Australia (NSX). Since its launch in Singapore in July 2013, CoAssets has registered more than 11,000+ unique users to its website, and has so far enabled S$37million to be invested successfully with an additional S$45+ million in the pipeline. CoAssets’ portal allows real estate developers and agents to list available real estate projects for interested investors to view. The Company’s model of crowdfunding involves creating an interactive platform, bringing together property investors to network with developers to ultimately co-invest in real estate projects and to share knowledge and expertise. Given the prospective opportunities for the Company in the region and the receptiveness of the Australian stock market towards technology businesses, Australia was the preferred option to first list on a securities exchange. Following the listing, the company is also planning to grow its presence in Malaysia and increase partnerships with real estate firms in China and Indonesia. Apart from geographical expansions, CoAssets is looking to introduce a wider variety of product offerings in the real estate peer-topeer (P2P) financing space. Secondly, the company is working to build its distribution/collection channels to include additional properties on its platform. CoAssets has also extended into P2P lending for businesses and has plans to broaden this outside of the real estate industry. Mr Getty Goh, Co-Founder and Chief Executive Officer added: “This listing marks another achievement for CoAssets as we are one of the first crowdfunding platforms to be listed on a stock exchange. Crowdfunding is a burgeoning field and we are aware that some consumers are still a bit cautious. Hence, the main purpose of this listing is transparency in order to increase user confidence. Ultimately, this reflects our core values of transparency and accountability and entering into Australia’s capital markets makes perfect sense for us.” Dr Seh Huan Kiat, Co-Founder and Chief Technical Officer, commented: “Crowdfunding is set to expand in a rapid way across Southeast Asia, particularly as proposed regulatory enhancements are taken up. CoAssets is excellently placed to take advantage of this market growth, and ultimately provide a significant range of funding services.”
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ENDS -
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 38C North Canal Road, Singapore 059294 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
For Further Enquiries, please contact: Elodie Castagna, FTI Consulting
Dan Smith, CoAssets Non-Executive Director
Office: +61 9485 8888 Direct: +61 8 9485 8814 Mobile: +61 432 120 061
Direct: +61 8 9486 4036 Mobile: +61 0417 978 955
Background of CoAssets Ltd CoAssets is Southeast Asia’s first and leading real estate crowdfunding platform. Officially launched in Singapore on July 2013, it currently has more than 11,000 registered users. In terms of deals, since December 2014, the total value of deals listed on CoAssets is more than S$45million (US$33million) and the amount successfully funded currently stands at more than S$37million (US$27 million). The company recently won the Red Herring Top 100 Asia Award for 2014, as well as the OPP Gold Award for Excellence. CoAssets has currently offices in Australia, Malaysia and Singapore. https://www.coassets.com/
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 38C North Canal Road, Singapore 059294 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
Southeast Asia’s leading crowdfunding platform CoAssets lists on the National Stock Exchange -
First crowdfunding platform to list in Australia and one of the first worldwide –
CoAssets Limited (“CoAssets” or the “Company”) (NSX code: CAX), Southeast Asia’s leading crowdfunding platform for real estate, is pleased to confirm the Company has listed on the National Stock Exchange of Australia (NSX). Since its launch in Singapore in July 2013, CoAssets has registered more than 11,000+ unique users to its website, and has so far enabled S$37million to be invested successfully with an additional S$45+ million in the pipeline. CoAssets’ portal allows real estate developers and agents to list available real estate projects for interested investors to view. The Company’s model of crowdfunding involves creating an interactive platform, bringing together property investors to network with developers to ultimately co-invest in real estate projects and to share knowledge and expertise. Given the prospective opportunities for the Company in the region and the receptiveness of the Australian stock market towards technology businesses, Australia was the preferred option to first list on a securities exchange. Following the listing, the company is also planning to grow its presence in Malaysia and increase partnerships with real estate firms in China and Indonesia. Apart from geographical expansions, CoAssets is looking to introduce a wider variety of product offerings in the real estate peer-topeer (P2P) financing space. Secondly, the company is working to build its distribution/collection channels to include additional properties on its platform. CoAssets has also extended into P2P lending for businesses and has plans to broaden this outside of the real estate industry. Mr Getty Goh, Co-Founder and Chief Executive Officer added: “This listing marks another achievement for CoAssets as we are one of the first crowdfunding platforms to be listed on a stock exchange. Crowdfunding is a burgeoning field and we are aware that some consumers are still a bit cautious. Hence, the main purpose of this listing is transparency in order to increase user confidence. Ultimately, this reflects our core values of transparency and accountability and entering into Australia’s capital markets makes perfect sense for us.” Dr Seh Huan Kiat, Co-Founder and Chief Technical Officer, commented: “Crowdfunding is set to expand in a rapid way across Southeast Asia, particularly as proposed regulatory enhancements are taken up. CoAssets is excellently placed to take advantage of this market growth, and ultimately provide a significant range of funding services.”
-
ENDS -
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 38C North Canal Road, Singapore 059294 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
For Further Enquiries, please contact: Elodie Castagna, FTI Consulting
Dan Smith, CoAssets Non-Executive Director
Office: +61 9485 8888 Direct: +61 8 9485 8814 Mobile: +61 432 120 061
Direct: +61 8 9486 4036 Mobile: +61 0417 978 955
Background of CoAssets Ltd CoAssets is Southeast Asia’s first and leading real estate crowdfunding platform. Officially launched in Singapore on July 2013, it currently has more than 11,000 registered users. In terms of deals, since December 2014, the total value of deals listed on CoAssets is more than S$45million (US$33million) and the amount successfully funded currently stands at more than S$37million (US$27 million). The company recently won the Red Herring Top 100 Asia Award for 2014, as well as the OPP Gold Award for Excellence. CoAssets has currently offices in Australia, Malaysia and Singapore. https://www.coassets.com/
URL: www.CoAssets.com | Phone: +65 65327008 | Email: [email protected] CoAssets Ltd | Office J, Level 2, 1139 Hay Street West Perth WA 6005 CoAssets Pte Ltd | 38C North Canal Road, Singapore 059294 CoAssets Sdn Bhd | Level 30, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200, Kuala Lumpur, Malaysia
