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JB Foods jumps 40 pct above IPO price
Shares of JB Foods Ltd, a Malaysian cocoa ingredient producer, surged 40 percent above the initial public offering price of S$0.30 on their trading debut in Singapore.
JB Foods shares leapt as high as S$0.42 on volume of more than 130 million shares. The stock was the top traded by both value and volume in the overall Singapore market. The FT ST Small Cap Index was down 0.5 percent.
JB Foods sold 100 million shares, comprising 84 million new shares, at S$0.30 each.
oldflyingfox ( Date: 19-Jul-2012 15:51) Posted:
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How to apply for the IPO?
u no need to hope becos u GUARANTEED will be alloted for this ipo becos of obvious reasons
tedsokny ( Date: 20-Jul-2012 08:40) Posted:
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Many said there is no meat left for this ipo.
applied liao.hope to get some
Let see how the JBFood trading on next Monday first.
Birdnest, sharkfin or drum stick?
Ascendas Hospitality Trust reduces size of IPO in S'pore
Posted: 18 July 2012 1650 hrs
SINGAPORE: Ascendas Hospitality Trust has reduced the size of its initial public offering in Singapore.
It is now offering 437.325 million stapled securities, a downward revision from initial plans to sell between 506.075 million and 529.648 million units.
In its prospectus registered on Wednesday, Ascendas Hospitality said the shares will be priced at S$0.88 per stapled security.
Ascendas Hospitality will also sell S$247.3 million worth of securities to its sponsor Ascendas Group as well as S$76.5 million securities to cornerstone investors including hotel operator Accor Asia Pacific.
All in, the market cap for Ascendas Hospitality Trust is S$707 million, compared to S$770 million in a preliminary prospectus lodged previously.
The Public Offer opens at 8.00am on July 19 and closes at noon on July 24.
In a separate statement, Ascendas Hospitality said it will proceed with the IPO without the Pullman Ambassador Changwon hotel in South Korea, which was listed in the initial portfolio.
Ascendas Hospitality explains that it was informed recently that injunctions had been made by creditors against the vendor of the South Korean hotel, and it will affect the Trust's ability to acquire the property on time for its inclusion in the portfolio.
With the removal of the South Korean hotel, the portfolio will now comprise 10 hotels valued at some S$1.06 billion, down from S$1.2 billion previously.
These assets are located in China, Australia and Japan.
Ascendas Hospitality Trust is made up predominately of Ascendas Hospitality Business Trust (80 per cent), with the other 20 per cent of the counter stapled to Ascendas Hospitality REIT.
The Stapled Securities are expected to commence trading on the SGX-ST at 2.00pm on July 27.
- CNA/cc
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1214238/1/.html
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e25d3309aa11eacd48256f64000f86d1/EE9CDC948C4D52DD48257A3F002DA068/$File/A-HTRUST%20Prospectus%20(18%20July%202012).pdf
katak88 ( Date: 18-Jul-2012 21:27) Posted:
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Lodge date: 09/07/2012
Registered Date: 18/07/2012 (Final)
PROSPECTUS DATED 18 JULY 2012
(Registered with the Monetary Authority of Singapore on 18 July 2012)
OFFERING OF 437,325,000 STAPLED SECURITIES (SUBJECT TO THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN))
OFFERING PRICE: S$0.88 PER STAPLED SECURITY
19 July 2012 8.00 a.m. Opening date and time for the Public Offer
24 July 2012 12.00 p.m. Closing date and time for the Public Offer
27 July 2012 2.00 p.m. Commencement of trading on the SGX-ST
http://masnet.mas.gov.sg/
Registered Date: 18/07/2012 (Final)
PROSPECTUS DATED 18 JULY 2012
(Registered with the Monetary Authority of Singapore on 18 July 2012)
OFFERING OF 437,325,000 STAPLED SECURITIES (SUBJECT TO THE OVER-ALLOTMENT OPTION (AS DEFINED HEREIN))
OFFERING PRICE: S$0.88 PER STAPLED SECURITY
19 July 2012 8.00 a.m. Opening date and time for the Public Offer
24 July 2012 12.00 p.m. Closing date and time for the Public Offer
27 July 2012 2.00 p.m. Commencement of trading on the SGX-ST
http://masnet.mas.gov.sg/
masnet.mas.gov.sg