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Peter Lim's security guard firm eyes Catalist listing

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A security guard firm controlled by "remisier king" Peter Lim is seeking a listing on the Singapore Exchange's Catalist board.

A SECURITY guard firm controlled by "remisier king" Peter Lim is seeking a listing on the Singapore Exchange's Catalist board.

Secura Group, in which Mr Lim has a 53.8 per cent stake, does security printing and provides security guard services.

It will use the proceeds from its initial public offering (IPO) partly to grow its unarmed security guard business and cyber security segment, it said in its preliminary offer document posted on Catalodge on Tuesday.

Secura Group earned S$839,000 on revenue of S$16.27 million in the financial year ended Dec 31, 2014. For the six months ended June 30, 2015, net profit climbed 49.5 per cent to S$963,000 while revenue jumped 35.9 per cent to S$9.88 million year-on-year.

The group said its order book, excluding security printing contracts, stood at about S$21 million as at July 1, 2015. It added that it expects to book about S$9.2 million in revenue for 2H2015 from existing contracts and about S$11.8 million in revenue in FY16.