Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Kreuz Holdings IPO oversubscribed

Kreuz Holdings IPO oversubscribed

Singapore: The Singapore initial public offering by subsea solutions provider Kruez Holdings was 5.7 times oversubscribed. The subsea solutions unit of Swiber Holdings received applications for 426m shares for its offering of 80m shares. The listing on Singapore's second board Catalist raised S$19.2m for Kruez. "This marks the beginning of a new phase for Kreuz Holdings. We plan to expand our range of services through the acquisition of new operating assets," said Kurush Contractor, executive director and ceo of Kreuz. [29/07/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg