United Global to launch $9.2m Catalist IPO

It will issue 42.8 million shares at $0.25 apiece.

Singapore based lubricant manufacturer and trader United Global will launch an initial public offering of 42.8 million new shares (“New priced at S0.25 per share, in conjunction with its listing on the Catalist.

The IPO is via placement only, and will raise net proceeds of $9.2 million.

The placement will be open to retail and institutional investors in Singapore, and represents 15.13% of the Group’s enlarged share capital of 282.8 million shares immediately post-IPO.

Canaccord Genuity Singapore Pte. Ltd. is the Issue Manager and Sponsor of United Global’s IPO. SAC Capital Private Limited and Haitong International Securities (Singapore) Pte. Ltd. are the Joint Placement Agents.

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