Dual-listed EMAS Offshore makes dull debut on SGX

Singapore

EMAS Offshore started trading on the Singapore Exchange on Wednesday on a disappointing note, closing at nearly 14 per cent below its IPO price. Only 948,000 shares were traded.

The associated firm of Ezra Holdings, which is already listed on Norway's Oslo Stock Exchange, ended the first day of its secondary listing on the SGX mainboard at S$1.045, 13.6 per cent lower than its IPO price of S$1.21.