Courts Asia IPO – The familiar furniture + electronics MEGAMALL!

By K.I.S.S. Investing • October 9, 2012

Which company do you think of when you hear the word "furniture"? For me... it's Courts, then Furniture mall, Vhive etc... What about "Home electronics"? For me... it's Courts, then Harvey Norman, Best Denki, Gain City etc... We seldom hear of a familiar Household Brand Name IPO but here it is... THE

i) http://www.businesstimes.com.sg/breaking-news/singapore/courts-asia-launches-ipo-20121008

ii) http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1230206/1/.html

Details of IPO

i) Listing Price: $0.77 per share

ii) Courts is offering 178 million shares, of which 60 million are new shares.

iii) 4 cornerstone investors - JF Asset Management Ltd, New Silk Road Investment Pte Ltd, Target Asset Management Pte Ltd and Value Partners Hong Kong Ltd - which have taken up 44 percent of the IPO.

iv) IPO Prospectus here.

Details of Courts Asia Limited