Shares & Derivatives
APAC Realty Limited – Balloting Results
By Mr. IPO  •  September 27, 2017
I rarely see such balloting announcement results where there was no accompanying ????press release and APAC Realty Limited announced its placement and public tranche subscription rates separately????:
  • Placement tranche of 44,503,200 shares was 13.4x subscribed
  • Public Offering of 4,411,000 shares was 29x subscribed
In connection with the offering, DBS, the stabilization manager was also over-alloted 9.75m shares and will step in to stabilize the market if necessary The placement tranche was placed out in the following manner: and the public tranche balloting results is below. It is also interesting to note that investors who applied for any number of shares has an equal 42% chance of getting the shares! ???? The Issuer didn't favor the big applicants or the small ones. Strong group of Institutional Investors   I am actually surprised that the issuance received quite a bit of interest from both hedge fund managers and traditional fund ......
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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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