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PR Newswire
19-04-2018, 07:25 PM
Diversified Property Developer, SLB Development Ltd., Receives Strong Demand for IPO
Highlights :
1. 238,000,000 New Shares at S$0.23 each – overall 1.7 times subscribed
2. 230,000,000 Placement Shares by way of placement and 8,000,000 Offer Shares by way of public offer
3. Commencement of trading of shares is expected to be at 9.00 a.m. on April 20, 2018
At the close of the Application List at 12.00 noon on April 18, 2018, there were 2,216 valid applications for the 8,000,000 Offer Shares available to the public for subscription. These applicants applied for an aggregate of 164,840,000 Offer Shares, with application monies received amounting to approximately S$37.9 million, resulting in the public tranche being approximately 20.6 times subscribed.
All of the 230,000,000 Placement Shares available for subscription by way of placement were validly subscribed, with application monies received amounting to a total value of approximately S$52.9 million.
More details in http://infopub.sgx.com/FileOpen/PressRel...eID=499942
Highlights :
1. 238,000,000 New Shares at S$0.23 each – overall 1.7 times subscribed
2. 230,000,000 Placement Shares by way of placement and 8,000,000 Offer Shares by way of public offer
3. Commencement of trading of shares is expected to be at 9.00 a.m. on April 20, 2018
At the close of the Application List at 12.00 noon on April 18, 2018, there were 2,216 valid applications for the 8,000,000 Offer Shares available to the public for subscription. These applicants applied for an aggregate of 164,840,000 Offer Shares, with application monies received amounting to approximately S$37.9 million, resulting in the public tranche being approximately 20.6 times subscribed.
All of the 230,000,000 Placement Shares available for subscription by way of placement were validly subscribed, with application monies received amounting to a total value of approximately S$52.9 million.
More details in http://infopub.sgx.com/FileOpen/PressRel...eID=499942
Specuvestor: Asset - Business - Structure.