Singapore Stock Market News

TEE Land Limited - IPO highlights‏

StockFanatic
Publish date: Sat, 01 Jun 2013, 11:12 AM
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Termsheet:
IPO : TEE Land Limited (Prospectus)
Issue Manager & Underwriter : SAC Capital Private Limited
Subscription closing date : 12 noon, 4 June 2013
Commencement of trading date : 9 a.m., 6 June 2013
Offer price per share: S$0.54
Offering shares : - Total : 115 million

- 109 million for placement tranche

- 6 million for public offer
Enlarged share base post IPO : 446.9 million
Gross proceeds to be raised : S$62.1 million
Estimated market cap post IPO : S$241.3 million
NAV/share post IPO (based on NAV at 30 Nov 2012) : 31.49 S cents
P/B (based on offer price and 30 Nov 12 NAV): 1.71x
Historical EPS*(based on FY12 earnings and post-IPO
share base) :
0.343 S cent
P/E*(based on offer price and historical EPS) : 157x
Financial year end : 31 May
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