Semiconductor firm Mi Material lodges preliminary prospectus to raise an indicative S$168 million
The company says there is no minimum amount to be raised[SINGAPORE] Singapore-incorporated Mi Material, the materials arm of Bursa-listed Mi Technovation, on Monday (Oct 5) lodged its preliminary prospectus to list on the mainboard of the Singapore Exchange.
It seeks to raise an indicative S$168.2 million from new shares, including those taken up by cornerstone investors.
Mi Material reported a profit of US$14.3 million for the six months ended Jun 30, a 396 per cent increase from the US$2.9 million for the year-ago period.
Revenue more than doubled year on year to US$53.7 million, from US$25.6 million.
The solder-ball manufacturer plans to offer 77.5 million offering shares – comprising 51.5 million new shares and 26 million vendor shares – at an indicative offering price of S$1.80, with the final price to be confirmed upon registration of the prospectus.
Of these, 71.3 million shares will be offered by way of an international placement, and another 6.2 million shares through a public offer in Singapore.
https://www.businesstimes.com.sg/co...nary-prospectus-raise-indicative-s168-million
Final prospectus and PHS: https://eservices.mas.gov.sg/opera/...c.aspx?shrID=8b7bc5c7b6434baf98b9f8f6eb24581b
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