When it comes to investing on SGX, I’m not a fan of companies who delist only to re-list again later. Which is why I avoid their IPO, and tell you guys I have “no comment” if you were one of those who asked me about whether the IPO is worth subscribing to.
Let me use the most recent IPO of Econ Healthcare as an example.
The company was privatized in 2012, citing “low trading liquidity” as a reason, but are now back with a brand new IPO attempt again, this time with 50 million offering shares at 28 cents each earlier this month.
Unfortunately, I wasn’t investing in 2012 so if any older investor here remembers how much the company was last privatized for back then, please let me know!
Watch what the media chose to report:
|Source credits: Business Times|
Sounds like an attractive headline?
Wait till you see this: