UOB Kay Hian: UOB Kay Hian Private: UOB Kay Hian Holdings Ltd: Malacca Trust is launching an IPO on Tuesday seeking a listing on the Singapore Exchange’s second board, Catalist.
It is offering 85 million new shares at 22 cents each. Retail investors will be able to get a slice of the action with two million shares on offer. The remaining 83 million shares are reserved for institutional investors.
Almost all the IPO’s $16.7 million net proceeds will be used to pay off the group’s bank borrowings. PrimePartners Corporate Finance is the group’s manager and sponsor. Meanwhile, UOB Kay Hian Private has been selected as the underwriter and placement agent for the IPO.
The IPO closes on Friday, and trading is expected to start on July 26. By Live Trading News
It is offering 85 million new shares at 22 cents each. Retail investors will be able to get a slice of the action with two million shares on offer. The remaining 83 million shares are reserved for institutional investors.
Almost all the IPO’s $16.7 million net proceeds will be used to pay off the group’s bank borrowings. PrimePartners Corporate Finance is the group’s manager and sponsor. Meanwhile, UOB Kay Hian Private has been selected as the underwriter and placement agent for the IPO.
The IPO closes on Friday, and trading is expected to start on July 26. By Live Trading News
Tags: UOB Kay Hian, UOB Kay Hian private, UOB Kay Hian IDB, dbs internet banking
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