AsiaPhos Limited ("AsiaPhos" or the "Company") is offering 122m shares at $0.25 each of which 97.6m shares are new shares and 24.4m are vendor shares. 120m shares will be via Placement and 2m shares will be for the public. The link to the prospectus is here. The offer will close on 3 Oct at 12pm and the Company will be listed on Catalist. Based on the listing price of $0.25, the market cap of the Company is S$200m.
AsiaPhos is the first mineral resource company to be listed in SGX focused solely on exploring and mining of phosphate in the PRC with the ability to manufacture and produce phosphate-based chemical products. The Company currently own exploration and mining rights to two mines and a processing plant. Phosphate is a valuable and non-renewable natural resource and the main use of phosphate is to produce fertilizers.
An overview ...
