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Malaysian furniture-maker first to list on SGX this year

Published Mon, Jan 29, 2018 · 09:50 PM
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Singapore

TIMBER bedroom furniture-maker LY Corporation Limited will make its initial public offering (IPO) debut on the Catalist board of the Singapore Exchange on Wednesday, becoming the first listing of the year.

The Malaysian firm, which announced its plans for an IPO last December, seeks to raise S$19.7 million in gross proceeds.

It is offering 75.8 million placement shares at S$0.26 a piece, comprising 61.2 million new shares and 14.7 million vendor shares.

No public sh…

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