Weiye's spinoff Eindec launches Catalist IPO

Singapore

REGIONAL clean air solutions company Eindec Corporation has launched its initial public offering (IPO) for a Catalist listing.

Eindec, a spin-off from Weiye Holdings, said that it is placing out 35.8 million new shares at S$0.21 each to raise gross proceeds of S$7.5 million. Weiye will retain an interest of 66.8 per cent after the placement.