Compressed natural gas provider Union Gas Holdings has launched its initial public offering (IPO) on the Singapore Exchange’s Catalist board.
Here are five things you need to know about the IPO:
The firm is offering 60 million shares, comprising 30 million new shares and 30 million vendor shares
Shares are offered at 25 Singapore cents each
About 58.72 million shares will be placed with institutional investors, while 1.28 million shares will be offered to the public
Application for the subscription and purchase of the shares will close at noon on July 19.
Listing and trading of the shares will start on July 21.
Company plans to raise about $5.72 million, which will be used mainly for business expansion