Singapore Institute of Advanced Medicine Holdings Ltd
Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist. The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am. Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases. SAM has strategic collaborations with public and private institutions for research and clinical work. SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Comments
[[ anonymous 7 ]]
Congrats to anyone who didn't stag MapleTree China only then to find a problem getting hold of enough CRT.
- Shu
Thanks Mr IPO for your expert analysis
All the best for those who got it.
Huat Ah!
Will buy some on open today, anyone selling?
Mr Ipo,
At least you are luckier you still have 4 lots.
Will you be selling and at what price ???
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[[ anonymous 7 ]]
re : Mr. IPO said...
Not selling. I was hoping to get more shares from public tranche to keep for the yield
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actually, given the increase in property taxes, it is wise to collect whatever safe dividends can be found.
S$1000 in property tax means around S$20,000 to S$25,000 in MapleTree China or CRT.
For S$9000 in annual property tax, one has to have around S$200,000 in these REITS / Trusts.
High property prices are no that fun after all, right? Are my calculations correct.
Usually distributions from REIT to Singapore unit holders are free of tax whereas if you own a real property, you have to pay property tax and taxes on rental income.
[[ anonymous 7 ]]
paying property tax (on physical real estate) from dividends from REIT (distributions) is a beautiful arrangement, ... that's what I'm suggesting.