RHT Holdings plans IPO launch next year (The Straits Times)

A HOLDING company with assets providing a wide range of professional business services is planning a listing on the Catalist board in the the first half of next year.

RHT Holdings consists of RHT Academy, RHT I-Asset, RHT Compliance Solutions, RHT Corporate Advisory, RHT Capital and RHT Management Services.

The units offer services such as corporate advisory, regulatory compliance and manpower management.

Chief executive Jayaprakash Jagateesan told The Straits Times: “Right now there are actually no competitors who can match the broad range of services we offer.

“We want to grow the business and take it regional. We have already started rolling out a plan for regional expansion.”

It has an association of law firms called Asean+ which brings services to clients in eight Asean and regional countries, as well as other ventures internationally.

The company was formed in September last year. It grew out of law firm RHTLaw Taylor Wessing, the eighth-largest in Singapore.

Mr Jagateesan, RHTLaw’s former CEO, said the firm wanted to move beyond the legal to a non-legal side of business.

“We looked at areas where clients would require professional services outside of law, and this would revolve around governance, risk and advisory,” he added.

The company is also focusing on going digital.

Mr Woon Tai Ho, CEO of RHT Digital & Media, whose resources will be made available to the whole RHT group, said his company is developing its own studio in their Battery Road office.

Mr Jagateesan noted that foreign firms see Singapore as a business hub because of the infrastructure and government grants provided.

“We are looking for the next Google or the next Facebook to be our client. If they come here, we are able to provide the full suite of services,” he said.

Mr Jagateesan also said the firm has a corporate culture of charity and social responsibility.

“Charity is something I grew up with, which is why I am very active with the firm’s corporate social responsibility initiatives.”

The company held its first charity golf event last Friday, which raised around $120,000. Half of it went to The Straits Times School Pocket Money Fund, while the other half went to the World Wide Fund for Nature Singapore.

fabkoh@sph.com.sg

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