, Singapore
335 views
Photo by SevenStorm JUHASZIMRUS via Pexels

Soon Hock Enterprise to debut on SGX Mainboard

The offering was 9.8 times oversubscribed.

Soon Hock Enterprise Holding Limited is set to debut on the SGX-ST Mainboard following strong demand for its Initial Public Offering (IPO).

The company is offering 21.58 million shares at S$0.58 each.

The offering was 9.8 times oversubscribed, with total interest and application monies reaching approximately $122.6m.

Specifically, the International Offer (18.78 million shares) received indications of interest totaling approximately $95.1m, making it 8.7 times oversubscribed.

The Singapore Public Offer (2.8 millio shares) was even more popular, being 16.9 times oversubscribed based on 1,444 valid applications for 47.33 million shares, totaling about $27.4m.

Maybank Securities and United Overseas Bank Limited are serving as the Joint Issue Managers, Joint Global Coordinators, and Joint Bookrunners for the IPO.

 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.