Logistics Holdings Limited ("the Company) launched its IPO for a Catalist listing via placement of 42.075m shares where 31.875m are New shares and the balance vendor shares at $0.23 each. The prospectus is here.
The Company has a track record of 27 years and is principally engaged in building and construction works for government and government related bodies. The IPO will be listed on 18 Jan 2013 at 9am. Since this is a "Placement only" IPO, there is no public tranche.
Financials
Based on the enlarged share cap of 170m shares and assuming the service agreement was in place, the EPS for FY2012 = Singapore 2.576 cents. This translate into a listing PER of 8.9x. The market cap based on the IPO price is $39m.
Shareholding
Strong Hands?
Not sure who Lim Chye Kim is but he is described as "not related" to the ...
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