The offshore vessel owner raised the SGD 150.6m ($120.4m) targeted fromthe listing after investors snapped up all 171.87 million shares on offer at SGD0.90 apiece, the company announced today.
The placement tranche of the offering was 2.2 times oversubscribedby institutional investors while the smaller public tranche was 44.8 timessubscribed.
Pang Yoke Min, the executive chairman, said: “Over the past 10years, we have established a foothold in high-growth and cabotage-protectedoffshore markets that have helped drive our earnings forward.
