Its revenue grew 15% to 43.7 million yuan in 2024, and its net profit rose 18% to 12.3 million yuan.
Info-Tech Systems, a human resource management software provider, has submitted a preliminary share sale plan (preliminary prospectus) to the Monetary Authority of Singapore, preparing to list on the main board of the SGX.
Info-Tech, headquartered in Singapore, has used its human resources management software by more than 23,000 companies in various industries. It also launched accounting software.
The company revealed in a brief statement on Friday that OCBC is the exclusive issuance manager and global coordinator of the initial public offering (IPO), and is co-book manager and underwriter with CGS International Securities Singapore.
Info-Tech Systems released the news on Friday (June 20). It will be the second new stock this year after Vin’s Holdings, which is listed on the Kelly Board, and will be the first new stock to be welcomed by the SGX main board this year.
Data in the preliminary prospectus shows that the company's software is designed for small and medium-sized enterprises in Singapore and Malaysia.