Singapore: Swiber Holdings is to list its subsea solutions provider to the oil and gas industry Kruez Holdings to raise S$19.2m. Kruez is offering 18m new shares priced at S$0.27 per share in an initial public offering (IPO) on the Singapore Exchange's second board, Catalist. Kreuz plans to use S$12m of the proceeds for the acquisition of new assets, including remotely-operated vehicles and diving systems. The remaining S$7.2m will be used for general working capital purposes. The offer closes at noon on 27 July. [22/07/10]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
