Geo Energy Group is the 13th publicly offered IPO to list on the SGX this year, 2012. Not a bad week for cash-rich investors seeking the extra investment opportunities in a saturated property market, overpriced REITs soon-to-form-bubble and lack of global growth leading to stagnation in stock prices. It is the 2nd to announce its listing this week apart from the Courts IPO. Looks like the underwriters and company management are expecting the market to pick up in the final quarter of the year to spur up some more stock demand.
Anyway, here’s a quick summary of the offering. For more information, please refer to the prospectus lodged with SGX here.
- Coal mining group with operations that started in 2008
- Operations are primarily located in Kalimantan, Indonesia
- Mine operator
- Mine owner cum operator
- Mine contractor providing services to third party mine owners
- Figures and numerics
- $0.325 per share
- 3,000,000 …