Credit Bureau Asia's IPO to sell 58m shares at S$0.93 each
CREDIT Bureau Asia (CBA) on Thursday lodged its final prospectus for an initial share offering that will raise S$53.9 million.
This comprises an offering of 28.5 million placement shares, 1.5 million public offering shares and 28 million cornerstone shares at an offer price of S$0.93.
Of these shares, 29 million are vendor shares belonging to executive chairman and chief executive Kevin Koo as well as executive director William Lim.
The net proceeds for CBA will be S$23.6 million. The company intends to use S$11.8 million for strategic investments, regional expansion and acquisitions. Another S$7.1 million will be used for organic growth initiatives such as product development and business development. The rest has …
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hotel Properties prices 5-year notes at 5.1%
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand