MeGroup launches IPO today at 23 cents per share; to list on Oct 31

-A +A

SINGAPORE (Oct 23): MeGroup, the Malaysian-based car dealership and automotive parts maker, which is seeking a listing in the Catalist board of the Singapore Exchange (SGX), launched its initial public offering (IPO) today with the sale of each share at 23 cents.

The group will be offering a total of 16.5 million new shares, with 1.5 million shares in the public tranche and 15 million shares in the placement tranche. The IPO is expected to raise net proceeds of about S$2.4 million.

The IPO will close at 12 noon on Oct 29 and shares in MeGroup will officially trade on the SGX at... (Click here to read the full story)