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SLB launches IPO at 23 cents each to raise $54.7 mil

IPO

SLB launches IPO at 23 cents each to raise $54.7 mil

Samantha Chiew Published on Wed, Apr 11, 2018 / 4:45 PM GMT+8

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SINGAPORE (Apr 11): SLB Development, the property developer which was spun off from Lian Beng Group, will be selling 238 million new shares at 23 cents each in conjunction with its Catalist listing.

See: Lian Beng property spin-off SLB Development lodges prospectus

Of the IPO shares, 8 million units will be available to the public while the remaining 230 million units will be available by way of placement.

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