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Laboratory group LMS Compliance to raise S$3.6 million in Catalist listing

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Uma Devi

Uma Devi

Published Tue, Nov 22, 2022 · 07:43 PM
    • As at Sep 16, LMS Compliance offers more than 1,100 accredited tests and 10,200 non-accredited tests to customers from industries like food, medical devices and pharmaceuticals.
    • As at Sep 16, LMS Compliance offers more than 1,100 accredited tests and 10,200 non-accredited tests to customers from industries like food, medical devices and pharmaceuticals. PHOTO: LMS COMPLIANCE

    LMS COMPLIANCE, a provider of testing and certification services, on Tuesday (Nov 22) launched its initial public offering (IPO) for a Catalist listing on the Singapore Exchange (SGX).

    The Malaysia-based company is looking to raise gross proceeds of S$3.64 million through the sale of 14 million shares at S$0.26 apiece.

    Net proceeds will amount to S$2.04 million. More than half these proceeds, or S$1.2 million, will be set aside for acquisitions, joint ventures and strategic alliances in countries such as Malaysia, Indonesia and China to grow the company’s business. 

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