【Xyec Holdings IPO 交流专区】Xyec株式会社

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Xyec株式会社拟在新加坡挂牌上市
http://www.sharesinv.com/zh/articles/41405/

2013年09月09日
来自日本的综合工程及资讯科技服务商Xyec株式会社(Xyec Holdings)计划在新交所的凯利板挂牌上市，以通过收购及吸引本区域的人才来在东南亚拓展业务。公司是为汽车、机械、电信及电子业服务，若能成功地在新交所挂牌，它将成为首家只在新加坡上市的日本公司。公司的总裁小林学表示，其目标是在未来两年内把销售额增加超过50%至100亿日元(1亿美元)，而其中10%将来自本区域。在完成上市后，公司将专注于扩大现有业务；开发新能力和设新业务；以及通过并购、合资和/或策略联盟来在新据点发展业务。公司拟在9月18日上市，而按彭博社(Bloomberg)的报道，公司正同两家新加坡资讯科技公司协商潜在的合作交易。

启示：彭博社指出，世界各地的企业今年在东南亚的资产交易总值720亿元，并预期增长幅度会比全球其他地区都来得大。若在新交所上市的计划得以实现，公司将能借助蓬勃发展的东南亚市场来持续取得业务增长。


Xyec picks Singapore over Japan for historic IPO
http://www.theedgesingapore.com/the-daily-edge/business/45373-xyec-picks-singapore-over-japan-for-historic-ipo.html

Publish date: Mon, 9 Sep 09:50
Xyec Holdings Co., the first Japanese company to debut only in Singapore, plans to expand its information technology business in Southeast Asia through acquisitions and by hiring local talent.

The company plans to raise a couple of million dollars in an initial public offering and start trading on Singapore’s Catalist board for smaller enterprises on Sept. 18, Chief Executive Officer Manabu Kobayashi said. Tokyo-based Xyec is in talks with two Singaporean companies in the information technology industry about possible deals, he said, declining to elaborate because the talks are private.

Xyec, which provides engineering and information technology services such as software development to manufacturers including a unit of Toyota Motor Corp., chose Singapore over Japan because of Southeast Asia’s growth potential compared with declining demand and shrinking population at home. It targets total sales growth of more than 50% to 10 billion yen ($128 million) in the next two years, with 10% of that total to come from the region, Kobayashi said.

“We want to make Singapore the base of our Asean expansion,” Kobayashi, 48, said in a telephone interview from Tokyo last week, referring to the 10-member Association of Southeast Asian Nations. “We want to increase our regional presence and capture good talent that we may not be able to get if we remained in Japan, given the size of our company.”

Xyec will be the first Japanese company to have the primary exchange for trading of its shares in Singapore, according to Kobayashi.

REGIONAL HUB
Singapore Exchange, Southeast Asia’s biggest bourse, has attracted foreign companies as it aspires to become the region’s financial gateway. There were 302 non-Singaporean companies traded on SGX out of 782 companies as of August and nine of them were Japanese, according to SGX. All the other Japanese companies are also listed in Japan.

Xyec, pronounced “Zeek,” chose Singapore over Japan because of the attraction of raising funds from global investors and globally consistent regulation of additional share sales, which it might undertake for expansion, Kobayashi said. The company plans to open an office in Singapore by the end of March 2014, which will become the headquarters for business in the region outside Japan, he said.

Companies around the world have announced deals of about US$72 billion ($92 billion) of assets in Southeast Asia this year, according to data compiled by Bloomberg, amid expectations for growth that outpaces the rest of the world.

ASEAN GROWTH
Asean consists of Indonesia, Thailand, Malaysia, Singapore, Brunei, the Philippines, Cambodia, Laos, Myanmar and Vietnam. The International Monetary Fund forecast July 9 that Asean’s developing nations would expand 5.6% in 2013, compared with 0.6% contraction in the euro area.

Not all agree that listing overseas before your home market is a wise tactic. Companies raised about US$4.5 billion from IPOs in Singapore this year, compared with about US$8.1 billion gathered in Japan IPOs, according to data compiled by Bloomberg.

“Listing requirements are famously strict in Japan, but if you’re listed and want to expand overseas, there’s no reason to drop your Tokyo listing,” Nicholas Smith, the Japan strategist at CLSA Asia-Pacific Markets in Tokyo, said. “You don’t want to lose your Japanese sticky capital: just do a follow-on offering for overseas investors.”

CATALIST EXCHANGE
Xyec will be the first Japanese company to list on SGX’s Catalist board, according to the bourse. Nomura Holdings Inc., the nation’s biggest brokerage, Murata Manufacturing Co., a supplier to Apple Inc. and Samsung Electronics Co., and department store operator Isetan (Singapore) are among other Japanese companies traded on SGX’s mainboard.

To woo foreign companies to list in Singapore, the Southeast Asian bourse introduced new rules in the past two years to allow the listing of resource companies without an earnings track record on both the Catalist and mainboard, as well as dual-currency trading for stocks and exchange-traded funds.

SGX posted a 43% jump in profit for the three-months ended June, its best quarterly performance since the same quarter of 2007, as stock volumes rebounded and derivatives contracts climbed to a record.

Xyec is targeting Japanese companies that have expanded in the region, including Vietnam, Myanmar and Thailand and seeking to recruit staff in the Philippines, Vietnam and Myanmar, Kobayashi said. While the company has focused on providing services to the manufacturing industry, it’s now seeking to expand into finance as well, he said.

“For survival today, we need to make sure to capture good talent especially for a small-to-medium-sized company like us,” Kobayashi said. “We had to branch out overseas quickly. Singapore is becoming a hub for Asia, and we thought listing in that country would earn us recognition.”