Courts Asia Limited (“Courts” or the “Company”) registered its prospectus today.

This was a continuation of my earlier preview post.
Company Description
The Company is a leading electrical products, IT products and Furniture retailers in Singapore and Malaysia and is offering 178m shares (60m New Shares and 118m Vendor shares) at $0.77 each for its Initial Public Offer. The Company has a strong brand equity, with more than 25 years presence in both Singapore and Malaysia. The IPO will close on 11 Oct 12 at 12pm and starts trading on 15 Oct 12.
Vendor sale
The vendors selling the shares are primarily the PE Investors and the subscribers are:
77.92m – Cornerstone Investors (about 43.8% of the offering)
14.285m – Key Mgmt CEO and CFO (about 8% of the offering)
85.795m – the balance shares via placement and public tranche where 76….