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MindChamps PreSchool: IPO Receives Overwhelming Support, Public Offer Shares 83 Times Subscribed.

24 Nov 2017 09:59

28,011,600 Offering Shares excluding the Reserved Shares 21.4 times subscribed. All 2,438,000 Reserved Shares validly allotted. 1,808,900 shares over-allotted to meet excess demand in the Placement. Institutional investors which have each been allotted 5% or more of the Offering Shares include ICH Capital Pte Ltd, Island Asset Management Pte Ltd, JF Asset Management Limited and SUTL Holdings Pte Ltd. Separate from the Offering, CFCG Investment Partners, Hillhouse Funds and Target Asset Management have subscribed for 28,930,800 Cornerstone Shares. Trading debut on the Mainboard of the SGX-ST at 9.00 a.m. on 24 November 2017. Well-positioned to take the MindChamps movement from Singapore to the World and capture the growth of the early childhood education industry globally...

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Source: ShareInvestor Express