Singapore-based healthcare firm, Singapore O&G Ltd (SOG), plans to launch an initial public offering on the Catalist board of Singapore Exchange, and will offer offering of 43.6 million shares at 25 cents apiece, the company said.
If fully subscribed, the company will raise S$10.9 million through the public offering. At this price, Singapore O&G will be valued at at S$54.5 million post the listing.
Of the 43.6 million new shares being offered, 2.2 are set aside for the public, while 41.4 are placement shares. Singapore O&G is set to begin trading on on Catalist on from June 4.
Singapore O&G Pte was set up in early 2011, and was aimed at creating a specialist medical and surgical group catering to the healthcare needs of the modern woman, according to the company’s website. It was launched by O&G Specialists Dr Lee Keen Whye, Dr Heng Tung Lan and chief executive Dr Victor Ng. It operates 8 clinics in 5 different locations in Singapore.
The company will use the IPO proceeds for working capital, to enhance investments in healthcare professionals and synergistic businesses, and also to expand its business operations. It had registered a net profit of S$4.25 million, up from S$3.12 million in FY13, while sales jumped from S$8.64 million to S$13.55 million, during the same period.
http://www.dealstreetasia.com/stori...-ltd-to-raise-s10-9m-in-in-catalist-ipo-6986/
If fully subscribed, the company will raise S$10.9 million through the public offering. At this price, Singapore O&G will be valued at at S$54.5 million post the listing.
Of the 43.6 million new shares being offered, 2.2 are set aside for the public, while 41.4 are placement shares. Singapore O&G is set to begin trading on on Catalist on from June 4.
Singapore O&G Pte was set up in early 2011, and was aimed at creating a specialist medical and surgical group catering to the healthcare needs of the modern woman, according to the company’s website. It was launched by O&G Specialists Dr Lee Keen Whye, Dr Heng Tung Lan and chief executive Dr Victor Ng. It operates 8 clinics in 5 different locations in Singapore.
The company will use the IPO proceeds for working capital, to enhance investments in healthcare professionals and synergistic businesses, and also to expand its business operations. It had registered a net profit of S$4.25 million, up from S$3.12 million in FY13, while sales jumped from S$8.64 million to S$13.55 million, during the same period.
http://www.dealstreetasia.com/stori...-ltd-to-raise-s10-9m-in-in-catalist-ipo-6986/
