The company was approved in principle by SGX on April 1, transferred from Kelly to the main board listing, and obtained shareholder approval on the 25th of the same month.
Yang Chunlin, executive director and CEO of Youte Technology International, pointed out that Youte Technology is a highly diversified agricultural technology stock. As an innovator in the integration of agriculture and technology, the company can maintain stability in all economic cycles.
Oiltek International Limited, a supplier of integrated process technology and renewable energy solutions, officially transferred from the Singapore Exchange Kelly Board to the main board for listing on Friday (June 6).
He said: "We are rooted in the resilience of the agricultural industry, while also being able to accelerate development in the rapidly growing technology field. After transferring to the SGX main board, we will gain greater visibility, liquidity and capital channels, which will help drive the next stage of growth."
After the company closed the market, it announced the news through a statement. The stock price rose 9% on Friday to close at 0.605 yuan, with a current market value of 259.55 million yuan.
Youte Technology International was listed on the Kelly Board at a price of 0.23 yuan per share on March 3, 2022. With strong orders and excellent financial results, the company's stock price has risen steadily for more than three years.