Wong Fong Industries launches IPO on Catalist board
Placement of 43m shares at S$0.23 each to expand facilities, for acquisitions
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AS part of efforts to expand and diversify its business, Wong Fong Industries has launched its initial public offering (IPO) on the Catalist board.
Registering its prospectus on Tuesday, the homegrown land transportation engineering systems provider announced its offer of 43 million placement shares, priced at S$0.23 apiece, raising a total of S$8 million in net proceeds. With a total issued share capital of 235 million shares, Wong Fong is valued at about S$54.1 million.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
