Centurion Corp's public tranche of HK dual listing 18.76 times subscribed

Centurion Corp's public tranche of HK dual listing 18.76 times subscribed

By: 
Samantha Chiew
11/12/17, 08:22 am

SINGAPORE (Dec 11): Centurion Corporation, the owner-operator of accommodation for workers and students, announced that the public tranche of its share offering on the Stock Exchange of Hong Kong (SEHK) was about 18.76 times subscribed while placement portion was oversubscribed.

The offer price was set at HKD3.18 (55 cents) per share.

This is Centurion’s second primary listing in Hong Kong.

The group offered a total of 36 million ordinary shares in Hong Kong, which comprises a placement of 30 million shares with professional and institutional investors, as well as an offering of 6 million shares for subscription by retail investors in Hong Kong, representing 83.3% and 16.7% respectively.

The total offer shares represent about 4.5% of the enlarged share capital of the group upon completion of its offering of shares in Hong Kong.

Dealings in the group’s shares on the Main Board of SEHK are expected to commence under the stock code “6090” at 9am on Tuesday, Dec 12.

Wong Kok Hoe, board chairman and non-executive director of Centurion says, “Looking ahead, we will continue to selectively explore opportunities to grow our accommodation business through targeted and strategic expansion in existing and new markets, joint ventures and asset light strategies, including establishing and providing investment, asset and property management services.”

Shares in Centurion on SGX closed at 56 cents on Friday.

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