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 $2.4 million.

The IPO will close at 12 noon on Oct 29 and shares in MeGroup will officially trade on the SGX at 9am on Oct 31.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook