Credit Bureau Asia to sell 58m shares at S$0.93 each in mainboard flotation
Singapore
CREDIT Bureau Asia (CBA) on Thursday lodged its final prospectus for an initial share offering that will raise S$53.9 million.
This comprises an offering of 28.5 million placement shares, 1.5 million public offering shares and 28 million cornerstone shares at an offer price of S$0.93.
Of these shares, 29 million are vendor shares belonging to executive chairman and chief executive Kevin Koo as well as executive director William Lim.
The net proceeds for CBA will be S$23.6 million. The company intends to use S$11.8 million for strategic investments, regional expansion and acquisitions. Another S$7.1 million will be used for organic growth initiatives such as product development and business development. The rest has been allo…
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen