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So... Is this good? Any recommendations?
teeth53 ( Date: 13-Jul-2016 08:49) Posted:
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Procurri launched its initial public offering (IPO) for a mainboard listing, offering 68.88 mii shares. 6.88 mil shares for public subscription@56 cents. Its mkt value at about $156.8 mil. The IPO aims to raise some $38.6 mil, or $34.6 million in net proceeds.
Procurri - A subsidiary of Catalist-listed DeClout, is an incubator of tech firms. It has 3-major business pillars in secondary segments of data centre industry - i) resale of excess or used data ctr equipment, independent IT hardware maintenance services and disposition of IT assets.
The global (data centre) hardware mkt will be US$293 bil (S$396 bil) by 2020, and the maintenance mkt will be US$42 bil. Hardware resale mkt will be at $34.8 bil and independent maintenance services mkt at US$4.4 bil by 2020.
Procurri, with offices in U.S. and Britain Headquarters in S' pore is poised to be the 1st mover. We so far, the only global platform that can connect company' s. It revenue shot up from $28.4 mil in 2013 to $122.8 mil last year, net profit jumped from $2 mil to $8.8 mil in the same period.
Its services' gross profit contribution is about 34% of total. Procurri wants to grow further on its high profit margins of above 50%.
He added that a good part of the IPO proceeds will be used to acquire companies and capabilities on this front. Procurri has invested around $42 million in mergers and acquisitions since 2013.
The company intends to recommend and distribute 25% of its net profit for the financial years of this year and next year.
Listing will be 3rd mainboard IPO this year, following Manulife US Real Estate Investment Trust (Reit) and Frasers Logistics and Ind Trust.
It also marks the first successful spin-off for DeClout, which will continue to own 46.5% of Procurri after the IPO.
DeClout shares added half a cent or 2.27% to 22.5 cents ahead of the IPO announcement.
Offer will close at noon next Monday, with trading expected to start next Wednesday.
About Advancer Global Limited Advancer Global Limited (&ldquo Advancer Global&rdquo and together with the subsidiaries, the &ldquo Group&rdquo ) is an established and diverse integrated services provider offering workforce solutions and services in Singapore through its Employment Services Business, Cleaning and Stewarding Business and Security Services Business,
Details of which are as follows.
(a) Employment Services Business - provision of one-stop shop services for the sourcing, employment and training of foreign domestic workers to households, as well as the sourcing and employment of Foreign Workers to, amongst others, corporations and organisations
(b) Cleaning and Stewarding Business - provision of integrated cleaning and stewarding solutions and services to, amongst others, hospitals, hotels, commercial and residential properties, as well as pest control services and
(c) Security Services Business - provision of manpower for security solutions and services to, amongst others, commercial, industrial and residential properties, as well as security escorts services.
http://infopub.sgx.com/FileOpen/Advancer%20Global-Ballot.ashx?App=Announcement& FileID=412096
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=LUAJM3RUIHWS22RM& H=2ea7bbb41ad472318450326a6a7c5fae6971483deabdac577c9e3df725e200a5& fileId=Advancer%20Global-Ballot.pdf
Advancer Global IPO Result...........
teeth53 ( Date: 09-Jul-2016 10:28) Posted:
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Advancer Global Limited ? IPO Balloting Results. July 8, 2016.
Offering 43 mil shares at 0.22 cents. Including public shares of 2 millions.
Advancer Global Limited has announced their balloting results that shown the total invitation was 5.5x over-subscribed.
The 2 millions public shares of balloting ratio was spread out evenly across the range of offer shares applied for. The public offer was oversubscribed by 97x.
For eg, the majority of offer shares applied for, 100,000 to 499,000 shares range and the success were estimate at about 17%, or will be allocated 8,000 shares.
As usual, for higher shares range applied for, applicants were receive lower allocation and harder to get.
The wide range has indicated probably company wanted a wider range of investors arriving at the lower range.
Offering 43 mil shares at 0.22 cents. Including public shares of 2 millions.
Advancer Global Limited has announced their balloting results that shown the total invitation was 5.5x over-subscribed.
The 2 millions public shares of balloting ratio was spread out evenly across the range of offer shares applied for. The public offer was oversubscribed by 97x.
For eg, the majority of offer shares applied for, 100,000 to 499,000 shares range and the success were estimate at about 17%, or will be allocated 8,000 shares.
As usual, for higher shares range applied for, applicants were receive lower allocation and harder to get.
The wide range has indicated probably company wanted a wider range of investors arriving at the lower range.
teeth53 ( Date: 16-Jun-2016 06:36) Posted:
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EC World REIT IPO Prospectus summary.
http://mystocksinvesting.com/singapore-stocks/ec-world-reit/ec-world-real-estate-investment-trust-ipo-prospectus-fundamental-analysis/
Wong Fong Industries Limited lodged a preliminary offer doc for a proposed with SGX Catalist listing.
Singapore&rsquo s lubricant mfg and trader United Global Limited has sold 42.8 million new shares in its initial public offering (IPO) on July 5, priced at S$0.25 each.
The company announced it subscription to the shares amounted to S$10.7 million ($7.9 million), while the company raised S$9.2 million ($6.8 million) net proceeds from the IPO.
The company will use S$7.4 million to expand its operation via investments, acquisitions and strategic alliances.
Read more at: http://www.dealstreetasia.com/stories/singapore-lubricant-trader-united-global-raises-6-8m-in-ipo-46720/
teeth53 ( Date: 14-Jun-2016 07:39) Posted:
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Acquisition, if undertaken and completed, will also result in a reverse takeover of the Starland
On April 13. Starland announced it had signed MoU in relation to the proposed acquisition of Ayondo.
Starland made a consolidated loss before tax of about 6 million yuan ($1.2 million) for the year ended Sept 20, 2014, and had a book value of 113.9 million yuan as at May 5, 2015.
Starland is a subsidiary of Mainboard-listed industrial product supplier GRP.
GRP made an offer for the takeover of Starland in January after acquiring a 82.91% stake in the latter for $28.3 million. After the close of the offer,
GRP distributed up to 22 million Starland shares to its shareholders as a dividend in specie.
SINGAPORE (June 20): Catalist listed Starland Holdings says it has entered into a conditional sale and purchase agreement to acquire a 100% stake in Ayondo Holding AG for $157.5 million.
Ayondo is a financial technology group that provides social trading services and brokerage services for both business-to-consumer (B2C) and business-to-business (B2B) for contracts for differences (CFDs).
Ayondo is licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK) and the Federal Financial Supervisory Authority (BaFin) in Germany.
&ldquo The proposed Acquisition would present the group with an opportunity to expand its business in line with its diversification strategy into the FinTech business, which will allow it to achieve a more consistent and sustainable financial growth,&rdquo says Starland, the developer of properties in Chonqing, China.
The purchase consideration will be fully satisfied with the issuance and allotment of new Starland shares to the vendors of Ayondo shares, which include its management, at a pre-share consolidation issue price of 18.77 cents per share. Starland shares last traded at 23.5 cents on Feb 5.
Starland says its shares will be consolidated post-acquisition to meet Singapore Exchange&rsquo s Minimum Trading Price rule of 20 cents each.
The proposed acquisition, if undertaken and completed, will also result in a reverse takeover of the Starland.
Acquisition will be conditional upon the approval of shareholders in an extraordinary general meeting. (EGM)
This n some pages is had been intentionally left blank.
teeth53 ( Date: 17-Jun-2016 22:37) Posted:
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Frasers Logistic and Industrial Trust Balloting Result http://mystocksinvesting.com/singapore-stocks/frasers-logistics-industrial-trust/frasers-logistics-industrial-trust-ipo-listing-balloting-result/
teeth53 ( Date: 17-Jun-2016 22:31) Posted:
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http://infopub.sgx.com/FileOpen/Frasers%20Logistics%20and%20Industrial%20Trust%20Prospectus%20Dated%2010%20June%202016.ashx?App=IPO& FileID=5178
If care to read. It' s upto 850 pages.
Frasers Logistics and Industrial Trust Prospectus Dated 10 June 2016.pdf 8.09 MB
IPO closed - 16-Jun-2016 at 12:00 noon.
it commerce trading on 21-Jun-2016 at 9:00 am.
STAG for a small profit...
teeth53 ( Date: 11-Jun-2016 10:19) Posted:
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Maid agency. Nation Employment files for Catalist listing - 15 Jun 2016 20:10
ADVANCER Global, a firm comprising a well known for maid and foreign worker employment agencies, a cleaning and stewarding services arm and a security services arm, has lodged a preliminary prospectus for a Catalist listing.
The firm made a net profit of S$4.4 million in 2015 on S$45 million of revenue. In 2014, it made a net profit of S$2.6 million on S$39 million of revenue.
United Global eyes listing on Catalist board
United Global CEO and executive director Jacky Tan said: " We believe a listing on the Catalist would enhance the group' s profile internationally, which may open up more business opportunities as we step into our next growth phase.
The group owns a lubricant blending plant and an in-house laboratory in Singapore. The lab also conducts tests in accordance with the standards set by the American Society for Testing Materials.
United Global supplies a wide range of lubricants and speciality fluids for automotive, industrial and marine applications to customers from around 30 countries. More than 88% of its total sales last year were derived from outside Singapore.
The group posted a profit of US$6.2 mil (S$8.4 mil) last year, up from US$3.4 mil in 2014, while revenue fell to US$99.9 mil from US$118.7 mil. It had 69 employees as at Dec 31 last year.
IPO proceeds will be used to redesign its blending, filling and storage processes, improve productivity and reduce labour costs, which estimated to cost about $400,000, are expected to start in the 3rd quarter and be completed by the first quarter next year.
Canaccord Genuity Singapore is the issue manager and sponsor, while SAC Capital and Haitong International Securities (Singapore) are the joint placement agents.
Strong demand for largest IPO here since 2013
The demand is strong for this largest initial public offering (IPO) here since 2013. It drew strong interest from institutional investors, with big investors over subscribing by big-investor tranche by six times.
The $903 million Frasers Logistics and Industrial Trust IPO is priced at 89 cents a unit, the top end of the price range. The real estate investment trust will pay a distribution yield of 6.8% for the forecast period of four months to Sept 30, & 7.3% for the full year to Sept 30 next year.
The offering of up to 521.7 million units consists of an international placement tranche of 441.7 units and a public tranche of 80 million units to the public.
The demand is strong for this largest initial public offering (IPO) here since 2013. It drew strong interest from institutional investors, with big investors over subscribing by big-investor tranche by six times.
The $903 million Frasers Logistics and Industrial Trust IPO is priced at 89 cents a unit, the top end of the price range. The real estate investment trust will pay a distribution yield of 6.8% for the forecast period of four months to Sept 30, & 7.3% for the full year to Sept 30 next year.
The offering of up to 521.7 million units consists of an international placement tranche of 441.7 units and a public tranche of 80 million units to the public.
http://www.straitstimes.com/business/golden-glory-plans-ipo-to-fund-myanmar-projects
Golden Glory plans IPO to fund Myanmar projects
Golden Glory Group, plan an initial public offer (IPO) in Singapore this year to fund it frontier market demand in Southeast Asia's fastest-growing economy.
The developer is raising $110m-$138m worth of funds in Singapore.
The Singapore-based company is targeting up to SGD$138 million sale, raising capital to help fund land bank acquisitions in Myanmar, chief executive officer Christopher Wu said in an interview.15
Myanmar's economic opening is creating opportunities for property developers like Golden Glory, whose fundraising efforts could also offer foreign investors a way to participate in the country's growth. Golden Glory is currently developing a mixed-development project in Yangon called Polo Club (Asia) Residence and an industrial park about 20 kilometres from the capital Naypyidaw.
Golden Glory Group, plan an initial public offer (IPO) in Singapore this year to fund it frontier market demand in Southeast Asia's fastest-growing economy.
The developer is raising $110m-$138m worth of funds in Singapore.
The Singapore-based company is targeting up to SGD$138 million sale, raising capital to help fund land bank acquisitions in Myanmar, chief executive officer Christopher Wu said in an interview.15
Myanmar's economic opening is creating opportunities for property developers like Golden Glory, whose fundraising efforts could also offer foreign investors a way to participate in the country's growth. Golden Glory is currently developing a mixed-development project in Yangon called Polo Club (Asia) Residence and an industrial park about 20 kilometres from the capital Naypyidaw.
Manulife US Real Estate Mgt Pte Ltd. has started taking orders from retail investors for its US$ 470 million IPO in Singapore.
The company, will sell its units@US$0.83c offering it IPO prospectus@top end of the pr range.
The deal so far this year in Southeast Asia have raised US$505mil through new listings, compared with US$2.6bil a year ago, according to Dealogic data.
Manulife US REIT will sell 566mil units, 169.54mil are being taken up by certain select investors.
Manulife US REIT has secured six cornerstone investors, including sovereign-wealth fund Oman Investment Fund , M' sian asset-management Co - Fortress Capital Asset Management and DBS Bank Ltd.
Institutional investors have taken up 350.78 million units,
Retail tranche is expected to sell 45.79 million units. It aims to start trading on S' pore Exchange on May 20.
teeth53 thot - Good for a STAG.