RE&S says IPO invitation 37.8 times subscribed

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SINGAPORE (Nov 21): RE&S Holdings, the Japanese multi-brand F&B group, says the sale of 32 million invitational shares in conjunction with its Initial Public Offering was 37.8 times subscribed.

RE&S is offering 38 million shares at 22 Singapore cents each in conjunction with its proposed listing on the Singapore Exchange, which includes 6 million reserved shares.

At the close of application at 12 noon on Monday, of the 3 million shares on public offer, applications for 580.3 million shares were received. Of the 29 million placement shares on offer but excluding reserved shares of 6 million, applications received were for 627.8 million shares... (Click here to read the full story.)