Singapore Stock Market News
Starland Holdings Limited - IPO
StockFanatic
Publish date: Mon, 23 Apr 2012, 11:03 PM
StockFanatic
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- Placement Price: 22 S-cents
- Market cap based on placement price and post-placement share capital of 144,733,000 shares: S$31.84m
- The company plans to raise up to S$5.4m in gross proceeds (S$3.1m net) by offering 24.733m new shares at S$0.22 each.
Indicative Date and Events
Ready-basis trading '' '' '' -'' '' '' 27 Apr 9am
Use of Net Proceeds
S$2.0m '' '' '' '' Acquisition
of land bank for future developmentS$1.1m '' '' '' ''General working capital
Business and assets
- The group is a Singaporean owned
and managed property developer for residential and commercial properties
in PRC. It currently has three projects in Fuling, a 3rd tier city ~80km
away from Chongqing.
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