TrickleStar, maker of energy-saving products, seeks Catalist listing
Post-placement IPO, the firm intends to pay out dividends of at least 50 per cent of consolidated net profit
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Vivienne Tay
Singapore
TRICKLESTAR, a producer of energy saving products, has lodged a preliminary prospectus for an initial public offering (IPO) on the Singapore Exchange's Catalist board. Details of the pricing, amount to be raised and timing of the offering - which will be done via private placement - have not yet been announced.
TrickleStar is primarily in the business of designing and supplying energy-saving products such as advanced powerstrips, load controllers, energy meters, energy monitors and surge protectors. These products are purchased by electric utilities, energy efficiency programmes, implementation contractors and energy auditors in the United States.
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