Choo Chiang Holdings launches Catalist IPO (Amended)

Singapore

HERE comes another Catalist initial public offering, hot on the heels of that by oil & gas engineering provider NauticAWT and both coming amid a listing dry spell which saw just three earlier flotations on the Singapore Exchange junior board so this year.

Homegrown retailer and distributor of electrical products and accessories Choo Chiang Holdings Ltd, which launched its IPO on Wednesday, is offering 33.28 million vendor shares at S$0.35 apiece. Of this, 32.28 million shares are for placement and one million shares for public offer.