Online grocer Jocom debuts on 1exchange to raise funds for expansion plans

MALAYSIA-BASED online grocer Jocom on Thursday made its debut on 1exchange (1X), Singapore's first regulated private securities exchange, to support its local and overseas expansion plans.

Jocom listed about 26.7 per cent of its shares at an aggregate value of S$5.6 million, valuing the company at around S$21 million.

Jocom's status as a listee on a private securities exchange, backed by the Singapore Exchange, will also expose the firm to a new pool of investors and enhance its positioning for more business opportunities in the future, said chief executive officer and founder Joshua Sew in a press statement.