IPO   

IPO-ing. what U should look out for...

Summit Power International (SPI) eyeing listing in Singapore

"The two groups, SPI n Mitsubishi Corp have signed a framework agreement to develop an LNG-to-power project which is expected to cost up to US$3 billion (S$4 billion)., are well-positioned to uniquely benefit from opportunities arising from the Bangladesh govt's move to raise LNG imports to meet the country's domestic natural gas shortfall and expand the country's power generation capacity."

Summit Power is the largest independent power producer in Bangladesh, representing about 21 percent of the country's private power market last year, the company said.

Summit Power is set in April to become the first Bangladeshi firm to list in the Singapore Exchange Ltd (SGX), as it seeks to raise funds to invest in assets across Asia.

With up to 30% of the more than 160 million people in Bangladesh lacking access to electricity, Summit hopes to invest in projects to meet that expected increase in demand, Khan told Reuters in February.

 

First day [email protected] n [email protected]. Vol - 17214.5  (Hi - 0.315 n Lo - 0.280)

2nd day [email protected] n [email protected]. Vol - 21534.4 (Hi - 0.380 n Lo 0.315)

LY Corp...On the 3rd day  --  Trade Summary.

Last Trades Volume Bid Volume Mid Ask Volume Lo - 0.355 4 220,000 220,000 0 0 Cls - 0.360 94 1,232,900 914,900 0 318,000 0.365 74 1,531,300 969,700 0 561,600 0.370 134 2,489,100 1,586,500 0 902,600 0.375 101 1,551,700 802,300 0 749,400 Op - 0.380 94 2,451,800 991,500 0 1,460,300 0.385 105 1,970,700 704,200 0 1,266,500 0.390 98 2,409,500 842,500 0 1,567,000 Hi - 0.395 24 310,300 0 0 310,300 TOTAL 728 Vol - 14,167,300 7,031,600 0 7,135,700

-  Bid : volume done at buyer' s price.   -  Mid : married trade / bundled trade   -  Ask : volume done at seller' s price

teeth53      ( Date: 30-Jan-2018 08:48) Posted: Jan 29, 2018 - (ACN Newswire) (SGX:1H8). Malaysia's leading manufacturers and exporters of wooden bedroom furniture, announced its initial public offering (Offering IPO "Placement") of 75,848,000 placement shares priced at S$0.26 per share has received strong investor subscription.  At the close of [email protected] noon on 29-Jan-2018, the Group received valid applications for all 75,848,000 Placement Shares, and gross proceeds received amounted to approximately S$19.7 million.  Some of the notable investors included Mr Heah Theare Haw and Pheim Asset Management.  Upon completion of the Placement, LY Corp total issued share capital now comprises approximately S$23.0 million comprising 489.1 million shares, and its market capitalisation is approximately S$127.2 million based on S$0.26 per Placement Share. The net proceeds from the issue of new shares in the Placement of approximately S$13.0 million, S$1.0 million will be used for the expansion of sales network in the People's Republic of China (PRC), S$5.0 million for the upgrading of machinery and equipment and acquiring new technology, S$4.0 million for the construction of additional facilities, and S$3.0 million for general working capital purposes.  Trading on Company's shares is on Catalist board,(SGX:1H8) n is expected to commence at 9.00 a.m. on Wednesday, 31 January 2018.

 

Jan 29, 2018 - (ACN Newswire) (SGX:1H8).

Malaysia's leading manufacturers and exporters of wooden bedroom furniture, announced its initial public offering (Offering IPO "Placement") of 75,848,000 placement shares priced at S$0.26 per share has received strong investor subscription. 

At the close of [email protected] noon on 29-Jan-2018, the Group received valid applications for all 75,848,000 Placement Shares, and gross proceeds received amounted to approximately S$19.7 million. 

Some of the notable investors included Mr Heah Theare Haw and Pheim Asset Management. 

Upon completion of the Placement, LY Corp total issued share capital now comprises approximately S$23.0 million comprising 489.1 million shares, and its market capitalisation is approximately S$127.2 million based on S$0.26 per Placement Share.

The net proceeds from the issue of new shares in the Placement of approximately S$13.0 million, S$1.0 million will be used for the expansion of sales network in the People's Republic of China (PRC), S$5.0 million for the upgrading of machinery and equipment and acquiring new technology, S$4.0 million for the construction of additional facilities, and S$3.0 million for general working capital purposes. 

Trading on Company's shares is on Catalist board,(SGX:1H8) n is expected to commence at 9.00 a.m. on Wednesday, 31 January 2018. 

 

$9.3b raised by S'pore-based companies this year, an increase of 44% over last year

Initial public offerings (IPOs) by Singapore-based companies this year has boosted activity in local equity capital markets, - Thomson Reuters.

Equity capital markets (ECMs) exist between companies looking for. Report noted that US$6.9 billion (S$9.3 billion) in total - across 67 issuers - has been raised, a rise of 44% over last year.

IPOs raised US$4.2B of this, a 52.7% increase compared with last year while the number of listings rose from 21 last year to 31 this year. Follow-on public offerings, which are shares issued by a public company that has already been listed, captured US$2.47B, a 36.3% increase from last year. The number of these offerings increased from 27 to 35.

Home-grown company NetLink NBN Trust's US$1.7 billion IPO in July takes top spot.

Games start-up SEA came second, listing in October and raising proceeds of US$989.3 million in its NY.

According to Thomson Reuters data, at least 14 IPOs have raised a total of US$2.1 billion in proceeds during this quarter.

The real estate industry, has seen the mainboard listings of Keppel-KBS US Reit in October and Cromwell European Reit last month, accounts for the majority of ECM proceeds this quarter. Property listings raised US$3.5 billion or 50.2% of market share, a bump of 8.2% from last year.

The high-technology industry raised proceeds of at least US$1.7 billion this year, a huge increase over last year's US$99.4 million.

Equity listings on both the main and Catalist boards grew by 40% this year, with coffee shop operator Kimly's US$30.7 million IPO the largest on the 

 

Heard that SGX-ST is shortering contra trading to two trading days. Is it implemented?.

Mean while. IPOs S'pore this year have raised twice the amt of money racked up in all for 2016.

19 IPOs in the first 11 mths of 2017, hit $4.6 bil, double the $2.3 bil raised for the whole of 2016.

The market capitalisation for 19 stocks, including Netlink NBN Trust and Union Gas Holdings, was $8.3 bil, compared with $4.4 bil of 16 stocks that made their debut on the bourse in 2016.

There were 16 IPOs last year, excluding the secondary listing of Top Glove Corporation, the reverse takeovers (RTO) of China Star Food Grp and Golden Energy & Resources, and one Global Depository Receipt (GDR) not named in the report.

This year's IPOs came from sectors including construction, healthcare, and office real estate investment trusts (Reits).

Seven were listed on the main board and 12 on the Catalist board.

The seven mainboard offerings have averaged 6% price gain from their IPO prices while the 12 Catalist stocks have averaged a 68% gain. Median gain for 12 Catalist stocks was 7%, the SGX said last Friday.

$8.3b -- Mkt capitalisation for 19 stk listings in first 11 mths of this year, compared with $4.4 billion of 16 stks that made their debut on the bourse last year.

45% -- Average price gain of these 19 stks since they were listed.

1.8% -- Straits Times Index added that much for November, bringing its year-to-date dividend inclusive return to 23%.

These 19 stocks have averaged a 45% price gain since listed. The three best performers from their IPO price are Samurai 2k Aerosol (up 470%), UnUsUaL (up 278%) and Kimly (up 42%).

There were five IPOs in November - Keppel-KBS US Reit, Mindchamps Preschool and Cromwell European Reit on the mainboard and RE&S Holdings and No Signboard Holdings on Catalist.

From Jan to Nov, there have been 23 new listings on SGX - the 19 IPOs reverse takeovers of Pacific Star Development, Hatten Land and Capital World and one GDR, from Chi Mei Materials Tech that listed in Sept and raised US$64.9m (S$87m).

ST Index added 1.8% for Nov, bringing its year-to-date dividend-inclusive return to 23%, compared to S'pore dollar-denominated average returns of 18% for benchmarks of Australia, HK and Japan, SGX said.

teeth53      ( Date: 09-Jul-2017 09:40) Posted: SGX listing n trading is well known for mkt Shorting. It' s famously marketed n known for Short selling only.   teeth53      ( Date: 29-Mar-2017 23:04) Posted: A debate over the merits of dual-class stks, as  Singapore Exchange  (SGX) is striving to be first Asian mkt to allow such a structure, said it would not consider a listing as " radical" as  Snap. SGX' s head of capital mkt development Md Nasser Ismail said, proposed Singapore system calls for some regulatory control and safeguards of investors' rights. " I don' t think what we have envisaged for dual-class share structure is until to that extent, where investors are merely financial investors and have no say in the direction of the coy. We' re not there yet. Not like U.S. that has mechanisms regulating corporate excesses like class action suits." " So, an offering like Snap is not something that would be consider, not at this time. SGX-ST. A stable stk exchange with strength in business trusts n REITs, is forced to look for new ways to boost listings / trading after  penny stock crash in 2013  dented confidence. That episode wiped out SGD$8 billion (U.S.$5.74 bil) in mkt value and contributed to a slowdown in IPOs. With the rise of entrepreneurship and technology start-ups in Asean n Asia, SGX-ST put forth  a slew of proposals, including dual-class shares, in an attempt to enhance its appeal to firms n technology companies often opt to list in Australia or in U.S. over Singapore. But the proposal invited criticisms, no thanks to the controversies surrounding  Snap' s decision to offer " no vote" shares in its IPO. In a  Financial Times commentary  earlier this mth, Aberdeen Asset Mgt Asia' s corporate governance head David Smith wrote - SGX risks triggering a " global race to the bottom" in diluting investor rights if it allows such structure. Nasser, however, said the proposal is not set in stone yet n SGX would " listen carefully" to opinions of the public on this topic. " Well, we proposed it, (but) I don' t know what the outcome will be, frankl. What the mkt thinks of this matters a lot, not so much my opinions," he said when asked whether SGX wishes for the proposal to go through. As Competition for IPOs intensifies Regional exchanges have upped their game in luring start-ups to list, including the set-up of a platform to trade in start-ups in Thailand and an incubator program in Indonesia to point young companies toward the IPO route. Recognizing that competition is steep, Nasser, who also leads SGX' s effort in the tech and start-up scene, said his team has started engaging companies early in hopes of steering them to list on the exchange when they are ready. Asked whether such efforts would yield results, Nasser declined to give specifics but said optimistic number of tech companies listing on SGX would grow beyond the current 84 this year. " SGX is known for it listing standards, high regulation standards and expectations on all listed companies. (Such a reputation) matters (for companies) when they' re looking for new business partners and going into new markets," Nasser said.

 

CromwellReit (Euro-$) opened at 0.550 n closed of at 0.555 with a volume of 18,747,700 share changed hands. Following is trade summary.

Buy volume: 2,006,300 shares -  0.550c verse 0.555c - Sell volume: 45,300 shares   
 

Last Trades Volume Bid Volume Mid Ask Volume 0.550 342 17,035,700 691,900 0 16,343,800 0.555 69 1,712,000 58,800 0 1,653,200 TOTAL 411 18,747,700 750,700 0 17,997,000

-  Bid : volume done at buyer' s price.   -  Mid : married trade / bundled trade   -  Ask : volume done at seller' s price

teeth53      ( Date: 30-Nov-2017 23:11) Posted: Nov 30 (Reuters) - Cromwell European Real Estate  Investment Trust (REIT)  S' pore' s first REIT with  pan-Euro properties, made a steady trading debut after  raising $660mil, underpinning the city-state' s status as a  hot spot for IPOs in Southeast Asia.  Cromwell European REIT' s units ended slightly above the IPO  price on Thursday, mirroring opening day  moves of several other REITs, which are bought more for their  dividend distributions than for capital appreciation.  With the latest listing, S' pore consolidated its appeal  as a global hub for REITs and business trusts which offer  alternatives to investors chasing returns in a low-yield global  environment.  Cromwell raised estimated $3.22bil via IPOs in  2017 via SGX-ST, since 2013 -  Thomson Reuters. It is ranks 2nd after  Thail in terms of amounts raised this year in Southeast Asia.  " There' s a lot of liquidity in the mkt. It' s becoming the  norm. There' s a lot of pte wealth looking into equities,  private equity investments and strongly rated assets," said  Tan Jeh Wuan, head of capital mkt - DBS  Bank, one of the joint bookrunners for the IPO. teeth53      ( Date: 16-Nov-2017 06:46) Posted: Cromwell revives Reit listing for Singapore IPO http://www.straitstimes.com/business/cromwell-revives-pan-europe-reit-listing Australia' s Cromwell Property Grp is planning to list its Euro real estate investment trust (Reit) in SGX-ST, less than 2-mths after it put the brakes on initial public offering (IPO). Cromwell Euro Reit (Cereit) is back, having axed  its propose portfolio  from Polish retail properties. The grp lodged an amended prospectus with Monetary Authority of S' pore (MAS), after previously delayed registration of IPO prospectus in Sept. Cromwell is eyeing a mkt capitalisation of roughly &euro 865.7m (S$1.4 bil) after IPO, @issue price of &euro 0.55 for each unit, inclusive of the sponsor' s stake. The stake in lowering the mkt capitalisation of &euro 1.2 bil originally envisioned. About 428.54 mil units will be offered to public and institutional investors - or a combined interest of 27.1%, assuming that the over-allotment option is not exercised. Besides tax and working capital, IPO proceeds would also go towards acquiring Cereit properties portfolio, the prospectus said. It is understood that listing delay and change in portfolio mix came partly because of investors' concerns over the relatively less-familiar market in Poland. The revised IPO portfolio is now set to comprise 74 properties, primarily in the office and light industrial and logistics sectors, across five countries in Europe - namely Denmark, France, Germany, Italy and the Netherlands. Of those properties, 60 are now held by funds that the sponsor group manages, while the other 14 will be acquired from a third party. The appraised value of the new Cereit portfolio - after the removal of the seven retail properties in Poland - stands at roughly &euro 1.35 bil, down from about &euro 1.83 bil before. The medium-to long-term target portfolio for Cereit, according to the prospectus, will have a geographic focus on western Europe. There are two original cornerstone investors - Cerberus S' pore and Hillsboro Capital, each taking 11.6% stake - the couple behind property coy SingHaiyi Grp have also come on board. According to prospectus, Mr Gordon Tang and Mrs Celine Tang will hold a 13.9% interest. Trading is expected to commence at the end of this month, according to the indicative timetable.

 

Nov 30 (Reuters) - Cromwell European Real Estate  Investment Trust (REIT) 

S' pore' s first REIT with  pan-Euro properties, made a steady trading debut after  raising $660mil, underpinning the city-state' s status as a  hot spot for IPOs in Southeast Asia. 

Cromwell European REIT' s units ended slightly above the IPO  price on Thursday, mirroring opening day  moves of several other REITs, which are bought more for their  dividend distributions than for capital appreciation. 

With the latest listing, S' pore consolidated its appeal  as a global hub for REITs and business trusts which offer  alternatives to investors chasing returns in a low-yield global  environment. 

Cromwell raised estimated $3.22bil via IPOs in  2017 via SGX-ST, since 2013 -  Thomson Reuters.

It is ranks 2nd after  Thail in terms of amounts raised this year in Southeast Asia.  " There' s a lot of liquidity in the mkt. It' s becoming the  norm. There' s a lot of pte wealth looking into equities,  private equity investments and strongly rated assets," said  Tan Jeh Wuan, head of capital mkt - DBS  Bank, one of the joint bookrunners for the IPO.

teeth53      ( Date: 16-Nov-2017 06:46) Posted: Cromwell revives Reit listing for Singapore IPO http://www.straitstimes.com/business/cromwell-revives-pan-europe-reit-listing Australia' s Cromwell Property Grp is planning to list its Euro real estate investment trust (Reit) in SGX-ST, less than 2-mths after it put the brakes on initial public offering (IPO). Cromwell Euro Reit (Cereit) is back, having axed  its propose portfolio  from Polish retail properties. The grp lodged an amended prospectus with Monetary Authority of S' pore (MAS), after previously delayed registration of IPO prospectus in Sept. Cromwell is eyeing a mkt capitalisation of roughly &euro 865.7m (S$1.4 bil) after IPO, @issue price of &euro 0.55 for each unit, inclusive of the sponsor' s stake. The stake in lowering the mkt capitalisation of &euro 1.2 bil originally envisioned. About 428.54 mil units will be offered to public and institutional investors - or a combined interest of 27.1%, assuming that the over-allotment option is not exercised. Besides tax and working capital, IPO proceeds would also go towards acquiring Cereit properties portfolio, the prospectus said. It is understood that listing delay and change in portfolio mix came partly because of investors' concerns over the relatively less-familiar market in Poland. The revised IPO portfolio is now set to comprise 74 properties, primarily in the office and light industrial and logistics sectors, across five countries in Europe - namely Denmark, France, Germany, Italy and the Netherlands. Of those properties, 60 are now held by funds that the sponsor group manages, while the other 14 will be acquired from a third party. The appraised value of the new Cereit portfolio - after the removal of the seven retail properties in Poland - stands at roughly &euro 1.35 bil, down from about &euro 1.83 bil before. The medium-to long-term target portfolio for Cereit, according to the prospectus, will have a geographic focus on western Europe. There are two original cornerstone investors - Cerberus S' pore and Hillsboro Capital, each taking 11.6% stake - the couple behind property coy SingHaiyi Grp have also come on board. According to prospectus, Mr Gordon Tang and Mrs Celine Tang will hold a 13.9% interest. Trading is expected to commence at the end of this month, according to the indicative timetable. teeth53      ( Date: 22-Sep-2017 22:08) Posted: http://www.straitstimes.com/business/cromwell-reit-drops-plans-for-singapore-ipo?xtor=CS11-86 Cromwell REIT drops plans for Singapore IPO

 

No Sign board -  Opened0.310 and Closed: 0.290. it hit a high of $0.330 cents.
   

Last Trades Volume Bid Volume Mid Ask Volume 0.290 37 819,100 819,100 0 0 0.295 221 5,201,900 3,795,500 0 1,406,400 0.300 314 7,368,100 5,292,200 0 2,075,900 0.305 227 5,039,800 3,166,600 0 1,873,200 0.310 575 20,892,600 17,125,400 0 3,767,200 0.315 532 16,239,600 7,345,200 0 8,894,400 0.320 337 10,526,700 4,820,000 0 5,706,700 0.325 364 10,117,700 3,027,500 0 7,090,200 0.330 34 643,000 0 0 643,000 TOTAL 2,641 76,848,500 45,391,500 0 31,457,000

-  Bid : volume done at buyer' s price.   -  Mid : married trade / bundled trade   -  Ask : volume done at seller' s price

Buying vol: 2,060,800 $0.290c  --  $0.295c  Selling vol: 1,615,100

teeth53      ( Date: 23-Nov-2017 22:04) Posted: teeth53 thot - STAG - Good for short term play. No Signboard Seafood chain of restaurants ipo will raise about S$35 mil and cornerstone placement of shares@S$0.28 apiece. Offer released on Thursday, No Signboard said it will offer 65.7 mill shares in its bid to list on the S'pore Exch Catalist board. Offering comprises 15.7 million new shares and 50 million vendor shares sold by an investment vehicle controlled by CEO Sam Lim and cEO Lim Lay Hoon, (both siblings). Public offering - 2.5 mil for subscription, and the remaining 63.2 mill will be placed out. The offering price values No Signboard at S$129.5 mil and represents 13.9 times the company's earnings per share for the year ended Sept 2016.

 

MindChamps - Last Done - 0.92 cents. Vol:21,698,000 mil shr changed hands.

teeth53      ( Date: 18-Nov-2017 16:40) Posted: MindChamps on Friday (Nov 17) announced, is launching its initial public offering (IPO), having registered its prospectus with Monetary Authority of S' pore for a mainboard of SGX-ST.  Offering 28.4m placement shares n 2.0m for public subscription@S$0.83 each. Trading is expected on (Fri) 24-Nov. The coy, which started on Jul 25, 2008, is said to be the largest operator and franchisor of premium range pre-school centres, according to report by Independent Mkt Research. It defines this segment as pre-school child care centres that charge each student S$1,700 and above per mth for a 5- or 5.5-day week full-day programme. It pointed to its acquisition of four pre-sch centres in Sydney, an eg is how such activities can help " establish a meaningful presence to gain a toehold in overseas pre-school education mkt" .  It said to has six coy-owned-coy-operated pre-sch centres and 30 franchisee-owned-franchisee-operated centres in S' pore, constituting a mkt share of 38.5% as of 15-Sept this year.  MindChamps Holdings will sell additional shares if required to cover an over-allotment option for a further 1.8 million shares. Separated from IPO -  Cornerstone investors included HK-listed, China First Cap Grp (CFCG), Hill-hse Cap Mgt and Target Asset Mgt, subscribed for  additional 28.9m shares@83 cents each. It existing share-holders included SPH, said assuming over-allotment option is not exercised, it will raise S$49.3m in gross from both IPO n cornerstone placement. MindChamps generated S$18.4m in revenue for FY ending 2016, +48% from S$12.4m in 2015. Net profit attributable to equity holders was S$5.4m in FY2016, as compared to S$3.5m in FY2015. It plans to distributie dividends@least 40% of its net profit (exclude exceptional items) for F/Yr-18. Offer will close at noon on Nov 22, and the shares will start trading on Nov 24.   teeth53      ( Date: 26-Oct-2017 16:57) Posted: MindChamps has inked agreements with Chinese investors ahead of a planned IPO MindChamps, largest operator and franchiser of pre-sch centres in S' pore, has signed exclusive partnerships with investment firms, China First Capital Group (CFCG) and Hillhouse Capital.  CFCG, which sells automotive parts began diversifying to education business last year, said: " Globally, early childhood education sector has gained much visibility in recent years. The parties intend to operate pre-schools and kindergartens under MindChamps brand in China, including HK, in Australia and in US. A more definitive terms will be entered into within 6-months from IPO date, said CFCG. Last mth, Bloomberg sources, that company intends to launch an IPO here as soon as this quarter, and is seeking a valuation of about $200 million. MindChamps was founded as an educational research centre in Australia in 1998 and opened its first pre-school in Singapore in 2008. It now has six company-owned and 44 franchisee-operated pre-schools and reading and writing enrichment centres for children between the ages of two months and 10 years, across Singapore, Australia, the Philippines and the United Arab Emirates. In its Hong Kong Exchange filing, CFCG said it has also entered into a cornerstone subscription agreement with MindChamps and will subscribe for a 4.99% stake in MindChamps, a financial commitment that is not expected to exceed $11 million, it said In 2014, Singapore Press Holdings (SPH) bought a 22% stake in MindChamps for $12 million. MindChamps is well positioned to ride on the growth in early childhood education industry and has built a prominent brand for pre-sch education and have achieved in premium-range pre-sch mkt." In S' pore, MindChamps has 36 pre-schools and three stand-alone enrichment centres. A 2015 survey by Straits Times and research firm Nexus Link found that four in 10 families here pack their pre-school children off to tuition, costing them about $155 a month. But competition for private education providers is also rising. To deal with a shortage of pre-school places for children in the ages of zero to four, as well as to raise the quality and affordability of pre-schools here, Govt announced in August that by 2022, annual public spending on the pre-school sector will reach $1.7 billion, more than double the $840 million committed this year. By 2023, pre-schools run or supported by govt will take up 2/3 of the mkt share, up from half.

 

Cornerstone investors, include Asian Opportunities Absolute Return Master Fund, Goi Kok Ming, JPMorgan Asset Mgt (S'pore), Lam Choon Sen David, LB Asset Mgt, Lion Global Investors, OSC Investments Capital and Qilin Asset Mgt, have each entered into a separate but concurrent cornerstone subscription agreement for an additional 59.3 mil new shares of the same price.

At listing, Lim siblings' investment vehicle, GuGong, will hold a 73% stake in No Signboard, while cornerstone investors will control 12.8%. Public will hold the remaining 14.2% of the company's shares.

IPO will close at noon on Nov 28, and trading is expected to begin on Nov 30.👍

teeth53      ( Date: 23-Nov-2017 22:04) Posted: teeth53 thot - STAG - Good for short term play. No Signboard Seafood chain of restaurants ipo will raise about S$35 mil and cornerstone placement of shares@S$0.28 apiece. Offer released on Thursday, No Signboard said it will offer 65.7 mill shares in its bid to list on the S'pore Exch Catalist board. Offering comprises 15.7 million new shares and 50 million vendor shares sold by an investment vehicle controlled by CEO Sam Lim and cEO Lim Lay Hoon, (both siblings). Public offering - 2.5 mil for subscription, and the remaining 63.2 mill will be placed out. The offering price values No Signboard at S$129.5 mil and represents 13.9 times the company's earnings per share for the year ended Sept 2016.

 

teeth53 thot - STAG - Good for short term play.

No Signboard Seafood chain of restaurants ipo will raise about S$35 mil and cornerstone placement of shares@S$0.28 apiece.

Offer released on Thursday, No Signboard said it will offer 65.7 mill shares in its bid to list on the S'pore Exch Catalist board.

Offering comprises 15.7 million new shares and 50 million vendor shares sold by an investment vehicle controlled by CEO Sam Lim and cEO Lim Lay Hoon, (both siblings).

Public offering - 2.5 mil for subscription, and the remaining 63.2 mill will be placed out.

The offering price values No Signboard at S$129.5 mil and represents 13.9 times the company's earnings per share for the year ended Sept 2016.

 

&lsquo Probe malicious viral messages of durians turned back from China&rsquo

http://www.msn.com/en-sg/news/national/%e2%80%98probe-malicious-viral-messages-of-durians-turned-back-from-china%e2%80%99/ar-BBFbT8j?li=BBr8Cnr& ocid=UE12DHP

PETALING JAYA: China has yet to allow Malaysia to import whole durians into the country, it was clarified today.

China, however, gave special permission for the import of 3.8 tonnes of durians, with their shells, for use during the Malaysian Durian Festival 2017 held in Nanning from Nov 3-5.

This was stated in a statement issued by Robin Wong, the durian festival&rsquo s special coordinator, and festival organiser Dominic Su.

In a statement, they said it was therefore untrue that 20 containers of Musang King durians sent to China were rejected and sent back to Malaysia due to alleged high insecticide content.

They said such messages, spread through social media, were totally &ldquo unjustifiable, unsupported, unwarranted and inaccurate&rdquo .

&ldquo We don&rsquo t know the intention of this unwarranted claim.

&ldquo But as the organisers of the durian festival, we feel compelled to clarify what we know to stop the further spread of these unjustifiable false claims.

&ldquo These may negatively affect the proper marketing of our quality agriculture produce, including durians.

&ldquo We should all be responsible for stopping any efforts to negatively affect the good progress that the durian festival has brought.

&ldquo We believe that the festival is a stepping stone towards helping to increase our agricultural exports to China, which is beneficial to our economy and country.&rdquo

Both of them urged the Malaysian Communications and Multimedia Commission (MCMC) to look into this issue and take the necessary action in identifying the irresponsible culprits behind spreading this unwarranted claim.

They said Malaysia was at a preliminary stage of seeking to reach a mutually agreed protocol with China for the export of Malaysian whole durians.

Malaysia is only allowed to export processed frozen durians to China at present.

Lately there has been great interest from Chinese buyers for local durians. Many Chinese are believed to have invested in durian farms in Malaysia to fulfil the demand in China.

It was reported that Singapore durian sellers were expecting a bumper crop this season, which should be enough to satisfy demand in Malaysia, Singapore and China.

In July, the Federal Agricultural Marketing Authority (Fama) said the export of durians to China was set to increase following high demand for the fruit.

Fama director-general Ahmad Ishak said last month that the export of Musang King durians last year had surged to RM60 million compared with RM33 million in the previous year.

He added that Fama was targeting RM70 million in durian exports to China.

&ldquo We expect exports to China to increase 10% by the end of this year,&rdquo he said.

One Musang King durian sells for about RM800 in Hong Kong while one kilogramme of the fruit can fetch RM200 in China.

MichaelSchenker      ( Date: 18-Nov-2017 21:58) Posted: Would be interesting if its durian IPO. Everybody knew China is now a big market for durians, and it is set to grow bigger. Just look at Singaporeans & Malaysians how we have acquired the taste and willing to spend big bucks on durians. Many are Chinese too. It shows that China is potentially a giant market for the King of fruit. MichaelSchenker      ( Date: 18-Nov-2017 20:07) Posted: Malaysian dragon fruit producer aiming for IPO on Catalist http://www.businesstimes.com.sg/companies-markets/malaysian-dragon-fruit-producer-aiming-for-ipo-on-catalist   Fri, Nov 17, 2017 - 5:19 PM Stephanie Luo[email protected]@StephLuoBT A DRAGON food producer in Malaysia is aiming for an initial public offering (IPO) on the Singapore Exchange' s Catalist board. On Friday, Golden Farm Development Ptd Ltd announced in a press statement that it would be a signing a Memorandum of Understanding (MOU) for " IPO and fund raising signing ceremony" with SAC Capital on Nov 25. When queried about this unusual move, vice-president of Golden Farm Development Pte Ltd, Wong Lay Chew, told The Business Times that the signing of the MOU is to formalise the preparation for the listing. He said that information pertaining to the listing, such as pricing, proceeds to be raised and launch date of the IPO, would be released after the signing ceremony. BT understands that SAC Capital is acting as the sponsor for the proposed listing.

 

Would be interesting if its durian IPO. Everybody knew China is now a big market for durians, and it is set to grow bigger. Just look at Singaporeans & Malaysians how we have acquired the taste and willing to spend big bucks on durians. Many are Chinese too. It shows that China is potentially a giant market for the King of fruit.

MichaelSchenker      ( Date: 18-Nov-2017 20:07) Posted: Malaysian dragon fruit producer aiming for IPO on Catalist http://www.businesstimes.com.sg/companies-markets/malaysian-dragon-fruit-producer-aiming-for-ipo-on-catalist   Fri, Nov 17, 2017 - 5:19 PM Stephanie Luo[email protected]@StephLuoBT A DRAGON food producer in Malaysia is aiming for an initial public offering (IPO) on the Singapore Exchange' s Catalist board. On Friday, Golden Farm Development Ptd Ltd announced in a press statement that it would be a signing a Memorandum of Understanding (MOU) for " IPO and fund raising signing ceremony" with SAC Capital on Nov 25. When queried about this unusual move, vice-president of Golden Farm Development Pte Ltd, Wong Lay Chew, told The Business Times that the signing of the MOU is to formalise the preparation for the listing. He said that information pertaining to the listing, such as pricing, proceeds to be raised and launch date of the IPO, would be released after the signing ceremony. BT understands that SAC Capital is acting as the sponsor for the proposed listing.

 

Malaysian dragon fruit producer aiming for IPO on Catalist

http://www.businesstimes.com.sg/companies-markets/malaysian-dragon-fruit-producer-aiming-for-ipo-on-catalist
 
 

 

food/bev counters are highly valued in sg.. they are valued around 20+ p/e.. this one got temasek backing, and somemore we can expect irrationality again towards food/bev counter.. i think opening price will be at least 30+ cents on conservative side

halleluyah      ( Date: 18-Nov-2017 18:29) Posted: Anyone going fr a tikam tikam? Thinking of tikam 200-300 lots...Bro teeth is tis one gd boh?  teeth53      ( Date: 15-Nov-2017 23:21) Posted: Japanese restaurant grp RE&S Holdings has launched its initial public offering (IPO) @$0.22 cents a share. Offering 38 mil shares, placement - 35 mil and public - 3 mil shares for subscription. The offer price represents 11.6x its earnings per share (EPS) of 1.9 cents in 2017 financial year, which ended on June 30. A wholly-owned subsidiary of Temasek Holdings, Heliconia Capital Mgt has agreed to subscribe to 16 mil cornerstone shares at $0.22c, through Orchid 2 Investments, a vehicle it manages and controls. RE&S is expecting to raise S$11.9 mil in gross proceeds. It earmarked S$7.0 mil for expansion through new outlets and strategic investments S$2.0 mil for refurbishment and improvement of existing outlets S$1.4 mil for general working capital and the rest for listing-related expenses. Offer will open at 9pm on Wed night, and close at noon on Nov 20. Trading of its shares is expected at 9am on Nov 22.

 

Anyone going fr a tikam tikam? Thinking of tikam 200-300 lots...Bro teeth is tis one gd boh? 

teeth53      ( Date: 15-Nov-2017 23:21) Posted: Japanese restaurant grp RE&S Holdings has launched its initial public offering (IPO) @$0.22 cents a share. Offering 38 mil shares, placement - 35 mil and public - 3 mil shares for subscription. The offer price represents 11.6x its earnings per share (EPS) of 1.9 cents in 2017 financial year, which ended on June 30. A wholly-owned subsidiary of Temasek Holdings, Heliconia Capital Mgt has agreed to subscribe to 16 mil cornerstone shares at $0.22c, through Orchid 2 Investments, a vehicle it manages and controls. RE&S is expecting to raise S$11.9 mil in gross proceeds. It earmarked S$7.0 mil for expansion through new outlets and strategic investments S$2.0 mil for refurbishment and improvement of existing outlets S$1.4 mil for general working capital and the rest for listing-related expenses. Offer will open at 9pm on Wed night, and close at noon on Nov 20. Trading of its shares is expected at 9am on Nov 22.

 

MindChamps on Friday (Nov 17) announced, is launching its initial public offering (IPO), having registered its prospectus with Monetary Authority of S' pore for a mainboard of SGX-ST. 

Offering 28.4m placement shares n 2.0m for public subscription@S$0.83 each.

Trading is expected on (Fri) 24-Nov.

The coy, which started on Jul 25, 2008, is said to be the largest operator and franchisor of premium range pre-school centres, according to report by Independent Mkt Research. It defines this segment as pre-school child care centres that charge each student S$1,700 and above per mth for a 5- or 5.5-day week full-day programme.

It pointed to its acquisition of four pre-sch centres in Sydney, an eg is how such activities can help " establish a meaningful presence to gain a toehold in overseas pre-school education mkt" . 

It said to has six coy-owned-coy-operated pre-sch centres and 30 franchisee-owned-franchisee-operated centres in S' pore, constituting a mkt share of 38.5% as of 15-Sept this year. 

MindChamps Holdings will sell additional shares if required to cover an over-allotment option for a further 1.8 million shares.

Separated from IPO -  Cornerstone investors included HK-listed, China First Cap Grp (CFCG), Hill-hse Cap Mgt and Target Asset Mgt, subscribed for  additional 28.9m shares@83 cents each.

It existing share-holders included SPH, said assuming over-allotment option is not exercised, it will raise S$49.3m in gross from both IPO n cornerstone placement.

MindChamps generated S$18.4m in revenue for FY ending 2016, +48% from S$12.4m in 2015. Net profit attributable to equity holders was S$5.4m in FY2016, as compared to S$3.5m in FY2015.

It plans to distributie dividends@least 40% of its net profit (exclude exceptional items) for F/Yr-18.

Offer will close at noon on Nov 22, and the shares will start trading on Nov 24.
 

teeth53      ( Date: 26-Oct-2017 16:57) Posted: MindChamps has inked agreements with Chinese investors ahead of a planned IPO MindChamps, largest operator and franchiser of pre-sch centres in S' pore, has signed exclusive partnerships with investment firms, China First Capital Group (CFCG) and Hillhouse Capital.  CFCG, which sells automotive parts began diversifying to education business last year, said: " Globally, early childhood education sector has gained much visibility in recent years. The parties intend to operate pre-schools and kindergartens under MindChamps brand in China, including HK, in Australia and in US. A more definitive terms will be entered into within 6-months from IPO date, said CFCG. Last mth, Bloomberg sources, that company intends to launch an IPO here as soon as this quarter, and is seeking a valuation of about $200 million. MindChamps was founded as an educational research centre in Australia in 1998 and opened its first pre-school in Singapore in 2008. It now has six company-owned and 44 franchisee-operated pre-schools and reading and writing enrichment centres for children between the ages of two months and 10 years, across Singapore, Australia, the Philippines and the United Arab Emirates. In its Hong Kong Exchange filing, CFCG said it has also entered into a cornerstone subscription agreement with MindChamps and will subscribe for a 4.99% stake in MindChamps, a financial commitment that is not expected to exceed $11 million, it said In 2014, Singapore Press Holdings (SPH) bought a 22% stake in MindChamps for $12 million. MindChamps is well positioned to ride on the growth in early childhood education industry and has built a prominent brand for pre-sch education and have achieved in premium-range pre-sch mkt." In S' pore, MindChamps has 36 pre-schools and three stand-alone enrichment centres. A 2015 survey by Straits Times and research firm Nexus Link found that four in 10 families here pack their pre-school children off to tuition, costing them about $155 a month. But competition for private education providers is also rising. To deal with a shortage of pre-school places for children in the ages of zero to four, as well as to raise the quality and affordability of pre-schools here, Govt announced in August that by 2022, annual public spending on the pre-school sector will reach $1.7 billion, more than double the $840 million committed this year. By 2023, pre-schools run or supported by govt will take up 2/3 of the mkt share, up from half.

 

Cromwell revives Reit listing for Singapore IPO

http://www.straitstimes.com/business/cromwell-revives-pan-europe-reit-listing

Australia' s Cromwell Property Grp is planning to list its Euro real estate investment trust (Reit) in SGX-ST, less than 2-mths after it put the brakes on initial public offering (IPO).

Cromwell Euro Reit (Cereit) is back, having axed  its propose portfolio  from Polish retail properties.

The grp lodged an amended prospectus with Monetary Authority of S' pore (MAS), after previously delayed registration of IPO prospectus in Sept.

Cromwell is eyeing a mkt capitalisation of roughly &euro 865.7m (S$1.4 bil) after IPO, @issue price of &euro 0.55 for each unit, inclusive of the sponsor' s stake.

The stake in lowering the mkt capitalisation of &euro 1.2 bil originally envisioned. About 428.54 mil units will be offered to public and institutional investors - or a combined interest of 27.1%, assuming that the over-allotment option is not exercised.

Besides tax and working capital, IPO proceeds would also go towards acquiring Cereit properties portfolio, the prospectus said. It is understood that listing delay and change in portfolio mix came partly because of investors' concerns over the relatively less-familiar market in Poland.

The revised IPO portfolio is now set to comprise 74 properties, primarily in the office and light industrial and logistics sectors, across five countries in Europe - namely Denmark, France, Germany, Italy and the Netherlands.

Of those properties, 60 are now held by funds that the sponsor group manages, while the other 14 will be acquired from a third party.

The appraised value of the new Cereit portfolio - after the removal of the seven retail properties in Poland - stands at roughly &euro 1.35 bil, down from about &euro 1.83 bil before.

The medium-to long-term target portfolio for Cereit, according to the prospectus, will have a geographic focus on western Europe.

There are two original cornerstone investors - Cerberus S' pore and Hillsboro Capital, each taking 11.6% stake - the couple behind property coy SingHaiyi Grp have also come on board.

According to prospectus, Mr Gordon Tang and Mrs Celine Tang will hold a 13.9% interest.

Trading is expected to commence at the end of this month, according to the indicative timetable.

teeth53      ( Date: 22-Sep-2017 22:08) Posted: http://www.straitstimes.com/business/cromwell-reit-drops-plans-for-singapore-ipo?xtor=CS11-86 Cromwell REIT drops plans for Singapore IPO teeth53      ( Date: 19-Sep-2017 08:26) Posted: Cromwell Euro Reit, the first euro-denominated Reit to list on SGX Exch is cutting the size of its initial public offering (IPO). The Reit is now selling up to 1.3 bil units at an IPO price of 55 euro cents to 57 euro cents each, according draft prospectus lodged on Masnet. A reduction from 1.58 bil offer size initially proposed. The offer price range remains unchanged.

 

Japanese restaurant grp RE&S Holdings has launched its initial public offering (IPO) @$0.22 cents a share.

Offering 38 mil shares, placement - 35 mil and public - 3 mil shares for subscription.

The offer price represents 11.6x its earnings per share (EPS) of 1.9 cents in 2017 financial year, which ended on June 30.

A wholly-owned subsidiary of Temasek Holdings, Heliconia Capital Mgt has agreed to subscribe to 16 mil cornerstone shares at $0.22c, through Orchid 2 Investments, a vehicle it manages and controls.

RE&S is expecting to raise S$11.9 mil in gross proceeds. It earmarked S$7.0 mil for expansion through new outlets and strategic investments S$2.0 mil for refurbishment and improvement of existing outlets S$1.4 mil for general working capital and the rest for listing-related expenses.

Offer will open at 9pm on Wed night, and close at noon on Nov 20.

Trading of its shares is expected at 9am on Nov 22.

 

Kep-KBS Reit USD    Last Done:-  0.895c.  Volume -  5,091,000 mil changed hands    +0.005

teeth53      ( Date: 09-Nov-2017 16:26) Posted: http://infopub.sgx.com/FileOpen/Keppel-KBS%20US%20REIT%20-%20Balloting%20Result.ashx?App=Announcement& FileID=477398 Keppel KBS US REIT --  General Announcement::IPO BALLOTING ANNOUNCEMENT   teeth53      ( Date: 09-Nov-2017 16:02) Posted: Good for dividend play....Keppel KBS US REIT. It IPO received strong response and the public tranche was 6.7x subscribed. It high is 0895c n low - 0.880c   Kep-KBS Reit USD   -- Op-0.895 Last-0.890 0.000 0.0 13,514,800 3,174,600 0.885 0.890 1,701,100