Media entertainment company NoonTalk to raise over S$4.8m in SGX IPO
Paige Lim
MEDIA entertainment company NoonTalk said on Monday (Nov 14) that it plans to raise over S$4.8 million in an initial public offering on the Singapore Exchange (SGX).
The company is offering 22 million shares at an expected price of S$0.22 each, it announced in a press statement.
Its offering comprises 17.5 million placement shares and 4.5 million public offer shares.
Shares of NoonTalk will commence trading on the Catalist board of the SGX on Nov 22, the company added.
It had earlier lodged its preliminary offer document in end-October, proposing to raise funds for regional expansion in film and drama production, investment in multimedia technology, and other purposes.
Founded in 2011, NoonTalk is a Singapore-based, home-grown media entertainment company that specialises in artiste and talent management, multimedia production and event conceptualisation.
It is led by executive director and chief executive officer Dasmond Koh, a Singaporean actor, television host and radio personality.
Koh owns 70.37 per cent of the company.
Applications for the public tranche opened on Monday and closes at 12 pm on Nov 17.
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