The listing of AsiaPhos to me, seems to add another listed company in the mineral mining companies on SGX which have been seeing quite a keen interest among Singaporean investors. However, in AsiaPhos, what the element that is mined is not Gold but Phosphate. Also, compared with other mining companies which have operations spread out ...
...AsiaPhos IPO Stock AsiaPhos has currently launched its IPO of 122 million Invitation shares priced at S$0.25 each for its proposed listing on the Catalist Board. Based on the Invitation price of S$0.25, the post-Invitation market capitalisation of AsiaPhos will be S$200 million. AsiaPhos will be the first company on SGX listed which focuses on exploring and mining phosphate in China with the ability to manufacture and produce phosphate-based chemical products. The trading of AsiaPhos’ shares is expected to commence on a “ready” basis at 9.00 a.m. on 7 October 2013.
