The Singapore-based offshore and marine group started trading on SGX on 22 January following an initial public offering that was 5.8 times subscribed. The company’s shares closed up 18% at SSGD0.295, compared to an offer price of SGD0.25 per share with some 82.9m shares traded.
“We are delighted with the successful debut of Kim Heng on the Catalist. Kim Heng was one of the most actively traded counters on the Exchange today [Wednesday],” said Thomas Tan, chairman of Kim Heng.
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