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Kim Heng Offshore shares jump 18% on first day's trading

Kim Heng Offshore & Marine enjoyed a good first day’s trading on the Singapore Exchange (SGX) its shares rising 18%.

Marcus Hand, Editor

January 23, 2014

1 Min Read
Kalyakan - stock.adobe.com

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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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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