IPO

Medical support services provider Medinex seeks Catalist listing in all-placement deal
SINGAPORE (Nov 20): Medinex is seeking a listing on the Catalist board of the Singapore Exchange to raise funds for expansion and acquisitions. Medinex is the provider of medical support services and specialises in providing professional support services to medical clinics. It also provides pharmaceutical services, assisting clients in procuring medical and pharmaceutical products. The ...
Serial System scraps Hong Kong IPO of subsidiary
SINGAPORE (Nov 9): IT parts distributor Serial System has scrapped plans to spin-off a subsidiary via a Hong Kong listing. The application to list, made six months ago, has lapsed. “In allowing the application to lapse, the board considered various factors, including the overall weakening market sentiment of the Hong Kong capital markets,” the company states on Friday. “The board ...
MeGroup says IPO public tranche 1.3 times subscribed
SINGAPORE (Oct 30): MeGroup says the public tranche of its Initial Public Offer was approximately 1.3 times subscribed. At the close of the IPO at 12 noon on Monday, the group received 90 valid applications for 1.96 million shares for its public offer of 1.5 million shares. Meanwhile, the 15 million placement shares were also fully and validly subscribed. In aggregate, MeGroup’s IPO of ...
Singapore tycoon Ron Sim aborts HK IPO plan on market turmoil
SINGAPORE (Oct 26): Singapore entrepreneur and tycoon Ron Sim has “aborted” plans to list V3 Group in Hong Kong amid intense volatility and weakness in the global stock market. Sim, who created Asia’s largest maker of massage chairs, has shelved plans for an initial public offering after letting the application lapse at the end of June, he said by phone. The Singapore entrepreneur ...
MeGroup launches IPO today at 23 cents per share; to list on Oct 31
SINGAPORE (Oct 23): MeGroup, the Malaysian-based car dealership and automotive parts maker, which is seeking a listing in the Catalist board of the Singapore Exchange (SGX) launched its initial public offering (IPO) today with the sale of each share at 23 cents. The group will be offering a total of 16.5 million new shares, with 1.5 million shares in the public tranche and 15 million shares in ...
Malaysia theme park operator seeks Singapore listing to fund Shandong attraction
(Oct 10): Sim Leisure is planning a Singapore initial public offering of its Malaysian theme park business, which offers water slides, dunk tanks and tree swings at its Penang location. A sale of new and existing shares could raise about $10 million to $12 million, said Sim Choo Kheng, the company’s founder and chief executive officer. Proceeds from the deal, which could take place by ...
Malaysia car dealership MeGroup lodges prelim offer document
SINGAPORE (Sept 27): Malaysia-based MeGroup automotive company earlier on Thursday lodged its preliminary offer document for a Catalist listing with the Singapore Exchange. MeGroup is involved in the manufacturing of noise, vibration and harshness (NVH) components and other non-NVH components primarily for the automotive industry. It also owns and operates several automobile dealerships for ...
Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds
SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board. Cennerv is a Singapore-based pharmaceutical developer specialising in treatments for central nervous system (CNS) disorders with a focus on depression, insomnia, dementia, schizophrenia and autism. The company intends to ...
China's Meituan Dianping sets HK IPO valuation at up to US$55 bil
(Sept 3): China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($10.48-$12.58) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 billion, four people with direct knowledge of the matter said. Meituan, already one of China’s most valuable internet firms, could raise as ...
Vividthree lodges offer document for spinoff and listing after Monday’s restructuring deal
SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board. See: mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil Proceeds from the sale of new shares will be used to create VR (virtual reality content) and immersive media, develop or ...