Cityneon in aggressive growth path following fresh S$235m funding from private investors
Firm, which delisted from SGX in 2019, is looking at relisting; chairman-CEO Ron Tan says he is 'market-neutral' on listing destination as long as it is a major stock exchange
Add BT as a preferred source
Singapore
CITYNEON has obtained a S$235 million shot in the arm in its recently closed private fundraising round from existing investors such as Temasek's Pavilion Capital and EDBI, as well as new investors such as Seatown Holdings (also owned by Temasek), Qatar's Doha Venture Capital, and other financial institutions and family offices in Singapore and China.
The funds raised will tip the value of the global experience entertainment company, which delisted from the Singapore Exchange (SGX) in February 2019 at a market capitalisation of S$300 million or so, to more than S$1 billion.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
