Oiltek International launches IPO to ride on growing renewables space

Chloe Lim
Chloe Lim2/18/2022 08:27 PM GMT+08  • 4 min read
Oiltek International launches IPO to ride on growing renewables space
The IPO offer period will close on March 1 and trading will start on March 3.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Oiltek International, a subsidiary of Koh Brothers Eco Engineering, has launched its Catalist initial public offering (IPO) to raise gross proceeds of some $5.2 million.

The issue consists of 22.5 million new shares priced at 23 cents each. Out of which, 22 million shares are set aside for the placement tranche, with the remaining 500,000 shares allocated for retail investors.

KBEE will remain in control of Oiltek following the IPO, with a stake of 67.4%.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.