Successful IPO of Metrocon Holdings | SGX

Forvis Mazars in Singapore is pleased to congratulate Metrocon Holdings Ltd on its successful SGX Catalist debut, marking a significant milestone in the company's growth journey and evolution as a publicly listed company.

Metrocon Holdings Ltd commenced trading on the Singapore Exchange Securities Trading Limited (SGX) on 15 September 2026 following the successful completion of its reverse takeover of Hatten Land Limited. The transaction positions Metrocon for its next phase of growth and enhances its access to the capital markets.

Headquartered in Singapore, Metrocon is a specialist geotechnical foundation engineering company providing foundation works, ground improvement solutions and related engineering services. The company has demonstrated strong growth in recent years, with revenue increasing from S$23.6 million in FY2023 to S$61.1 million in FY2025.

The company's market debut was well received, with its shares opening at S$0.23 against a placement price of S$0.20 and closing its first trading day at S$0.235. During the session, the stock reached an intra-day high of S$0.295, reflecting strong investor interest in the company's growth prospects.

As Reporting Accountant to the transaction, Forvis Mazars was privileged to support Metrocon throughout this important milestone.

We congratulate the Board, management team and employees on this achievement and wish the company continued success as a listed company.

The engagement was led by:

• Chee Keong Ooi, Partner, Head of Capital Markets
• En You Ser, Senior Manager, Audit & Assurance

Source: SGX announcements and public disclosures relating to the IPO of Metrocon Holdings.