Karaoke operator Goodwill Entertainment aims to hit the right notes in Catalist IPO, raise S$6.5 million in net proceeds
Shares in initial public offering priced at S$0.20 apiece; founder seeks growth in F&B, Malaysia
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KARAOKE and live show operator Goodwill Entertainment is looking to raise S$6.5 million in net proceeds from its listing on the Catalist board of the Singapore Exchange, the company said on Wednesday (Oct 30).
The 60 million placement shares, priced at S$0.20 apiece, comprise 42.5 million new shares and 17.5 million vendor shares. There will be no public tranche.
In total, the placement of new and vendor shares will raise S$12 million in gross proceeds. The net proceeds from new and vendor shares will be approximately S$9.8 million.
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