PUBLISHED JULY 22, 2014
Marble producer launches IPO
BYCLAIRE HUANG
huangjy@sph.com.sg @ClaireHuangBT
A PREMIUM-quality marble producer has launched an initial public offering (IPO), seeking to list on the Catalist board of the Singapore Exchange.
Terratech Group Limited, a Singapore business, launched its IPO of 108.7 million shares, comprising 43.5 million new shares and 65.2 million vendor shares, at S$0.23 per share on Monday.
At that IPO price per share, the estimated gross proceeds will come in at S$25 million.
The group operates at the Kelantan Marble Quarry in Malaysia, consisting of four hills with an extraction area of up to 25.94 ha.
Marble producer launches IPO
BYCLAIRE HUANG
huangjy@sph.com.sg @ClaireHuangBT
A PREMIUM-quality marble producer has launched an initial public offering (IPO), seeking to list on the Catalist board of the Singapore Exchange.
Terratech Group Limited, a Singapore business, launched its IPO of 108.7 million shares, comprising 43.5 million new shares and 65.2 million vendor shares, at S$0.23 per share on Monday.
At that IPO price per share, the estimated gross proceeds will come in at S$25 million.
The group operates at the Kelantan Marble Quarry in Malaysia, consisting of four hills with an extraction area of up to 25.94 ha.