Marine firm Kim Heng raising $36.4m via IPO
Shares on offer at 25¢, funds to be used for expansion and working capital
SINGAPORE-BASED Kim Heng Offshore & Marine Holdings, which has a track record of more than 40 years, has launched its initial public offering to raise net proceeds of $36.4 million to help fund its expansion plans.
The Catalist IPO is $43.5 million in size, with 174 million shares - 160 million new units and 14 million vendor units - on offer at 25 cents apiece, valuing the group at $177.5 million post-valuation.
The invitation shares consist of th…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try