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RE&S Holdings IPO
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guards80
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15-Nov-2017 14:59
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huat!!! |
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guards80
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15-Nov-2017 14:46
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Japanese restaurateur RE& S launches IPO at 22 cents a share, starts trading Nov 22Japanese 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. RE& S is expecting to raise S$11.9 million in gross proceeds. It has earmarked S$7.0 million for expansion through new outlets and strategic investments S$2.0 million for refurbishment and improvement of existing outlets S$1.4 million for general working capital and the rest for listing-related expenses.
http://businesstimes.com.sg/companies-markets/japanese-restaurateur-res-launches-ipo-at-22-cents-a-share-starts-trading-nov-22 |
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