Jinjiang Environment offers 92.42m IPO shares at S$0.90 each

Singapore

CHINA Jinjiang Environment Holding Company Ltd (Jinjiang Environment), a waste-to-energy (WTE) operator in China, has launched its initial public offering (IPO) for a Singapore Exchange (SGX) mainboard listing on Monday.

The company is offering approximately 92.42 million new shares at S$0.90 each. These new shares comprises an international placement tranche of about 87.8 million shares and a public offer of about 4.62 million shares. An over-allotment option to purchase up to an aggregate of about 13.86 million shares at the offering price has also been granted by the company.