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Linc Energy launches IPO; secures Genting Bhd unit as strategic investor

Company plans to raise about $47.9m in net proceeds

UPSTREAM oil and gas firm Linc Energy, which is moving its listing from the Australian Securities Exchange (ASX) to Singapore Exchange, plans to raise about $47.9 million in net proceeds through a mainboard initial public offering (IPO) of 47.85 million shares, with an over-allotment option of