Singapore Stock Market News
Global Premium Hotels (GPH) IPO
StockFanatic
Publish date: Fri, 20 Apr 2012, 04:17 PM
StockFanatic
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1. Listing Statistics
Global Premium Hotels plans to raise up to S$117m in gross proceeds (S$112.1m net) by offering 450m new shares at S$0.26 each. An over-allotment option of 67.5m shares is available.
ii)13m offer shares will be available to the public and 437m via placement.
Indicative Date and Events
1)Close of Application : 24 April noon
2)Balloting : 25 April
3)Ready-basis trading : 26 April 9am
Use of Net Proceeds
1)S$74.8m Partial repayment of the purchase consideration to Fragrance Group
2)S$30.0m Development and expansion of hotel business and operations in Singapore and overseas
3)S$7.3m Working capital purposes
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