Kim Heng Offshore & Marine Holdings Limited ("Kim Heng" or the "Company") is offering 174m shares for the IPO at $0.25 each of which 160m are new shares and 14m are vendor shares. There will only be 3m shares for the public with the balance via placement.
The prospectus is here. The IPO will end on 20 Jan 2014 at 12pm and begin trading on 22 Jan 2014. The market cap post IPO will be around $177.5m. I have two "fact sheets" about the IPO, one from DBSV and one from Lim & Tan for your reference.
Principal Business
Kim Heng has a long history and is an established integrated offshore and marine value chain services provider. The Company offers a one-stop solution for oil & gas projects with customers in more than 25 countries globally.
The Company specializes in offshore rig services and supply chain management ...
