Company Briefs

Starburst IPO 9.5 times subscribed

STARBURST Holdings' initial public offering (IPO) of 50 million invitation shares for a listing on the Singapore Exchange Catalist board was about 9.5 times subscribed. Asdew Acquisitions and Eastspring Investments (Singapore) each took up more than 5 per cent of the offering shares. At the close of the IPO at noon on Tuesday, total valid applications amounted to 476,789,000 invitation shares with total application monies of about $147.8 million.

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