Applied ..Closes tomorrow noon
SimpleTrade ( Date: 19-Nov-2017 17:10) Posted:
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Closing on 20 Nov .
 
Japanese restaurant group RE& S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.
RE& S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.
The offer price represents 11.6 times its earnings per share of 1.9 cents in the 2017 financial year, which ended on June 30.
Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has agreed to subscribe for 16 million cornerstone shares at this price, through Orchid 2 Investments, a vehicle it manages and controls.
 
Japanese restaurant group RE& S Holdings has priced its initial public offering of 38 million shares at 22 Singapore cents a share.
RE& S is offering 38 million shares, with 35 million shares being placed and three million shares for public subscription.
The offer price represents 11.6 times its earnings per share of 1.9 cents in the 2017 financial year, which ended on June 30.
Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has agreed to subscribe for 16 million cornerstone shares at this price, through Orchid 2 Investments, a vehicle it manages and controls.