Wilmar recently caught my attention. It has fallen approximately 11% from an intraday high of $4.95 on 7 Aug 2020 to close $4.41 on 1 Sep 2020.
Sometimes it is either I overthink things or that I am absolutely right to be a little more skeptical.
Private equity firm Elite Partners is looking to IPO Elite Commercial Reit. A lot of the context for how to look at this REIT is shaped by the people associated with supporting this REIT.
My mode is wary for two reasons:
Vividthree Holdings can trace its history back to 2006, where they started out as a visual effects studio. Today, they are involved in creating content for the various platform by leveraging on the virtual reality (VR) technology.
In addition to that, they also provide Post-production services, mainly in visual effects, computer-generated imagery, and other post-production related work.
The company was previously owned by mm2 Asia with a 51% stake. Last month, Vividthree entered into a restructuring agreement to spin-off from its parent company and to be listed on the Catalist board.
You can find the prospectus here.
The IPO will close at 12pm on 20 September 2018 (Thursday) and expected to commence trading on 25 September 2018(Tuesday).
The company is placing 51.8 million new shares at a price of S$0.25 a piece during the IPO period. The total number of issued share in the company immediately after the placement will be 334,011,764 shares.
Unfortunately, the IPO is not made available to the public and its prospectus did not provide any information about the cornerstone investors.
That said, Mr Long Jong, Non-Executive Director & Mr Ang Wee Gee, the brother of Mr Melvin Ang intend to subscribe for 200,000 and 1,200,000 placement shares.Fyi, Mr Melvin Ang is the executive chairman of mm2 Asia.
Koufu Group, Singapore’s most well known food court operator on Wednesday made its debut on the Singapore Exchange’s (SGX) mainboard at S$0.65, 2 cents or 3.2 per cent up on its initial public offering price of S$0.63 according to ChannelNewsAsia.
With a market capitalisation of about S$350 million, Koufu Group Limited’s listing will boost SGX’s consumer cluster to a total of 152 listings with combined market capitalisation of more than S$135 billion.
Pang Lim, Koufu’s executive chairman and chief executive officer, said its listing was “a vote of confidence for our group and a recognition of our established track record and growth plans.”
According to ChannelNewsAsia, at the close of Koufu’s public offer at 12 noon on July 16, 3,170 valid applications were received for 107.7 million shares. Application monies received amounted to about S$67.8 million, translating to the public offer being 17 times subscribed.
Koufu was founded by executive chairman and CEO Pang Lim in 2002. His wife and executive director, Ng Hoon Tien, is a co-founder.
Their main business for the IPO is provision of F&B for food courts, coffee shops, as well as other establishments. They are also in charge of the management and operations of Punggol Plaza.
This post was original posted on smallcapasia.com and reproduced with permission from the author.
Hyphens Pharma is a speciality pharmaceutical and consumer healthcare group with a direct presence in five ASEAN countries, namely, Singapore, Vietnam, Malaysia, Indonesia, and the Philippines.
The company was incorporated in Dec 2017 as a private company. It sells speciality pharmaceuticals, a proprietary range of dermatological products and health supplement products through Hyphens and Ocean Health Singapore, and medical hypermart and digital supplies.
You can find the prospectus here.
This post first appeared on ProButterfly.com on 13-Nov-2017 and also on InvestingNote. It was written by our veteran community member, Tam Ging Wien, author of REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.
Based on information available, ProButterfly understands that No Signboard Holdings is currently in the book building exercise phase to place out its shares.
ProButtefly understands that No Signboard Holdings is targeting a listing by 30-Nov-2017.
This post first appeared on ProButterfly.com on 31-Oct-2017 and also on InvestingNote. It was written by our veteran community member, Tam Ging Wien, author of REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.
The KKREIT is a Real Estate Investment Trust (REIT) which draws rental income from 11 office properties across 7 major US cities including Seattle, Austin, Houston and Atlanta. The assets are a mix of prime and sub-urban office spaces.
At the time of writing, KKREIT has just lodged a preliminary prospectus for a listing on the Singapore Stock Exchange (SGX) mainboard. There is a total of 262,772,400 (262.77mil) units on offer at a price of US$0.88 per unit. The IPO and trading of the units will be denominated in USD. …
1.28M shares will be available for the public with the rest via placement. It will start trading on 21st July, 9am.
Netlink Trust IPO #ipo..capturing news as it happens. One of the better prospectus written compare with Hrnet/WorldClass. Absolute must jeep due to the multiple growth story. 5 LEMONS!!! $NetLink NBN Tr(CJLU.SI)
Price: S$0.81 (https://www.reuters.com/article/us-netlink…)
NAV: S$0.8635 (3,336,639,000 / 2,898,000,001 Units) page 77
Market Cap: S$3.13 billion
Distributions: Semi (March and September)
Comparison of Yields:
Netlink Trust 0.044/0.81 = 5.43%
Keppel DC Reit(AJBU) 0.0614/1.265 = 4.85%
AusNetServices(AZI) 0.0860/1.765 = 4.87%
ParkwayLife Reit(C2PU) 0.1212/2.620 = 4.63% …