Catalist-listed urban revitalisation specialist Lum Chang Creations, which has listed just last July, has received in-principle approval from SGX to upgrade its listing to the Mainboard.
For the six months ended Dec 31 2025, LCC reported earnings of $11 million, an increase of 104%.
With effect from Feb 27, the company will be a constituent of the MSCI Global Micro Cap Indexes – Singapore Index.
"To be on track to achieve this milestone is a remarkable testament to our robust business fundamentals, the dedication of our team, and the strong support from our stakeholders," says LCC's managing director Lim Thiam Hooi.
"Our recent strong financial performance and inclusion in the MSCI index underscore our readiness for this significant step."
Lim says a Mainboard listing will elevate the company's profile, enhance its visibility among institutional investors, and provide a stronger platform for the company's next growth phase both at home and abroad.
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LCC says the approval-in-principle from the SGX includes a waiver from the standard two-year listing requirement on the Catalist and certain amendments to the voluntary moratorium provided by Lim.
The company will now ask for shareholders' approval at an EGM to be called.
As at 1.53pm, Lum Chang Creations shares traded at 82 cents, up 2.5% for the day, valuing the company at $256.7 million.
Lum Chang Holdings, the parent company that holds a stake of 71.1% in Lum Chang Creations, saw its shares down 9.15% to 65 cents, valuing the company at $248.3 million.
