Soo Kee Group launches IPO on SGX Catalist, aims to raise $24m

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Singapore-based jeweller and jewelry retailer Soo Kee Group launched its initial public offering (IPO) this week on Wednesday, with the aim of raising S$33.75 million ($24 million) to help fund its expansion in Singapore and Malaysia, as well as introduce new products. Founded in 1991, Soo Kee retails jewellery and… Read more »

China’s Jiangling Chassis plans Singapore IPO

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The Singapore Exchange (SGX), which is yet to see a single listing in the mainboard this year, finally looks set for its first initial public offering (IPO). China’s Jiangxi Jiangling Chassis, which makes automobile parts and it is mainly engaged in the design, production and sale of axle products and… Read more »


Vietnam-based hospitality firm Thang Long GTC launches IPO, collects $16.7m

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State-run company Thang Long GTC, a unit of hospitality firm Hanoi Tourist, sold its entire 33.9 million shares during its initial public offer (IPO) auction on Thursday, to earn proceeds of VND363 billion ($16.7 million). The shares were oversubscribed by three times, as 18 investors had earlier submitted to purchase more… Read more »


HM Sampoerna plans to raise $1.9b from rights issue in October

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Indonesia tobacco producer PT Hanjaya Mandala Sampoerna Tbk (HMSP), unit of US based cigarette maker Philip Morris International Inc is planning to raises Rp26.7 trillion ($1.93 billion) from a rights issue of 269.72 million shares, in October. Based on brief prospectus issued by the company on Wednesday, four new shares will be… Read more »


PH supermarket firm Metro Retail files $134m IPO

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The Gaisano-led supermarket chain Metro Retail Stores Group has filed for an initial public offer (IPO) of up to $134 million (P6.17 billion), at the Philippine Securities and Exchange Commission (SEC), newswire Reuters said in a report. Metro Retail’s offering is reportedly the second largest IPO in the Philippines this year, right next… Read more »


Aemulus obtains approval for IPO on ACE Market

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Malaysian electrical and electronic engineering company Aemulus Holdings Bhd has obtained approval from Bursa Malaysia to proceed with its initial public offering (IPO) exercise. Aemulus is currently preparing for its listing on the ACE Market of Bursa Malaysia for the proposed flotation of its entire enlarged and issued paid-up share capital,… Read more »


SBS Philippines raises $22m from IPO, shares soar nearly 50% on debut

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SBS Philippines Corp, a major chemical trader-distributor firm, has raised $22 million (P1.15 billion) from its initial public offering (IPO), and the company’s shares soared nearly 50 per cent on its debut Monday, hitting the maximum ceiling price to close at P4.12 each. The company’s stock was the top gainer… Read more »


Vietnam’s largest northern port to list on August 12

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Hai Phong Port, the largest port operator in northern Vietnam, will list its 326.96 million shares on the Hanoi Stock Exchange from August 12, coded as PHP, the company has announced. This volume of shares is equivalent to the company’s charter capital of almost VND3.27 trillion ($150.7 billion). At the reference price… Read more »


Seaweed processor Taokaenoi to raise $16.57m in September IPO

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Taokaenoi Food and Marketing PCL, the country’s largest producer and distributor of processed seaweed, expects to raise more than 580 million baht ($16.57 million) through selling 90 million shares, equivalent to 26 per cent of total capital, in the initial public offering (IPO) in September. With its registered capital of… Read more »


CMC Infocomm IPO aims to raise $2.9m

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Telecommunications engineering firm CMC Infocomm (CMC), which is a joint venture with CMC Engineering in Malaysia, has launched its initial public offering (IPO) on the Singapore Exchange (SGX), trading at 25 cents per share, targeting to raise net proceeds of some S$4 million ($2.9 million). Arranged by SAC Capital, CMC’s offer consists of a… Read more »