Tuesday, June 6, 2017

WORLD CLASS GLOBAL IPO

WORLD CLASS GLOBAL IPO
WORLD CLASS GLOBAL IPO is the latest IPO for retail investors here . WORLD CLASS GLOBAL is the property arm of Aspial Corp, a listed entity on SGX and it is involved in property development in Australia and Malaysia.
Details of World Class Global IPO are below, for readers’ information please.

Number of shares: 136 million shares- 132 million placement and 4 million offer shares

IPO price per share: $0.26

Timeline: Subscription for public: 7 Jun 2017 0900 hrs to 13 Jun 1200 hrs

Date of trading: 15 Jun 2017, 0900hrs on a “ready” basis

Market capitalization after IPO: $235.5 million ($21.9 million will be raised as net proceeds via this IPO)

Use of proceeds: acquisition of properties and construction and other related developmental costs, working capital

Dividends: Group intends to declare an annual dividends of up top 50% net profits attributable to shareholders in respect of the financial year ending Dec 31 2019 and thereafter. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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