Shares & Derivatives
APAC Realty Limited
By Mr. IPO  •  September 23, 2017
APAC Realty Limited ("APAC" or the "Company") is offering 48,914,200 shares at $0.66 each, of which 44,503,200 shares is distributed via placement and 4,411,00 shares via Public Offering. The offer will be subject to over-allotment option where up to 9.75m shares (or 19.9% of the offering shares) can be sold. The IPO will close on 26 Sep 2017 at 12pm and starts trading on 28 Sep 2017. The prospectus is here. The market cap based on the enlarged shares is around $205.3m History   For investors who don't know the Company, this was previously known as Hersing Corporation and Northstar led the management buyout from the previous owner Harry Chua (who owns the Tim Ho Wan franchise in Singapore) around Aug 2013. Jack Chua, unrelated to Harry Chua, became the CEO after helping to grow ERA Singapore into the largest real estate agency in Singapore. The news ......
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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