According to SOILDBUILD Prospectus, business space projects contributed to ...
...SOILBUILD IPO will seek to raise $42 million via offering 168 million shares at 25 cents each. SOILBUILD IPO opened yesterday and will close at 12 noon on May 22. Of the 168 million shares, 2 million shares are for public offer and the remaining 166 million shares are for placement. SOILBUILD is not new to me as it was previously listed in SGX in 2005 but was taken in 2010 owing to low trading volumes and an undervalued share price. Since the delisting, SOILBUILD has entered the public housing market and third-party agreements. SOILBUILD has a track record in public sector projects and this puts them in good stead as SOILBUILD competes in future tenders by HDB and other public agencies. Moving forward, SOILBUILD is exploring business expansion in Asia and since 2013, it has secured contracts in Myanmar.
