The Business Times
business-time-50
SUBSCRIBERS

Bulk of Sim Leisure Group's IPO proceeds of S$5.81m to be used to redeem pref shares

google-preferred-sourceAdd BT as a preferred source
Published Thu, Feb 28, 2019 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

SIM Leisure Group's (SLG) debut on the Singapore Exchange's Catalist board today will see investors express how they feel about the bulk of its initial public offering (IPO) money going into redemption of S$5.6 million in preference shares.

In response to a query from The Business Times on Thursday, SLG said it had from the outset prioritised redeeming its outstanding redeemable convertible preference shares held by Penang Development Corp with the IPO proceeds, stating this order of priority in its preliminary prospectus.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war 

Visitors at the KL Tower. Industry observers say inbound trip cancellations have surged to approximately 5,000 in the past month.

Malaysia tourism hit by fuel shock; tour prices may jump 50%

Allen & Gledhill partner Dinesh Dhillon led the legal team representing Kiri Industries throughout the decade-long dispute.

Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More