5E Resources taps IPO for expansion

Samantha Chiew
Samantha Chiew5/6/2022 02:33 AM GMT+08  • 7 min read
5E Resources taps IPO for expansion
Chairman and founder Loo with CEO Lim: Singapore is a key financial hub and is next to Johor, where our headquarters is located; Photo: 5E Resources
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Johor-based scheduled waste management services provider 5E Resources is seeking a listing on the Catalist board of the Singapore Exchange (SGX) to raise funds.

They will be used for the expansion of its operations to capture the underserved market of companies which generate small quantities of waste in the central region of Peninsular Malaysia.

5E Resources is offering 38.5 million new shares at 26 cents each. They comprise 2 million offer shares and 36.5 million placement shares.

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