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Linc Energy gains 20% on SGX debut
UPSTREAM oil and gas firm Linc Energy, which is moving from the Australian Securities Exchange to the Singapore Exchange (SGX), made a sparkling debut on the latter yesterday. Its share price closed at $1.435, almost 20 per cent higher than the offer price of $1.20. The offer had been about 2.68 times subscribed.
"This listing on the SGX marks the next phase of the group's long-term growth strategy in the global marketplace as our footprint extends from America and Europe, to Africa, Asia and Australia," said CEO and managing director Peter Bond.
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