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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
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Far East Hospitality Trust Balloting Results

Far East Hospitality Trust released its balloting results this evening. The response was pretty good with the public tranche 14.6x oversubscribed and even the over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c.

The balloting table are presented below for your convenience.


The probability of getting the shares are pretty good at 40% or better.

My balloting results


I have another 4 lots from placement tranche, looks like a good IPO year for me?

Happy IPOing

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tim12345 said…
hi sir,

i believe i got 3 lots as well, i applied for 11 and based on the money they refunded into my bank, it should have been a successful application.

however, how do i check and confirm this status?
27 August 2012 at 00:03
Mr. IPO said…
If u apply via ATM or Internet banking, you can check under the results of ESA Application. Alternatively, if you have online CDP access, you can check your CDP account. The most primitive method will be to wait for the confirmation slip form CDP but that will come 3-4 days later.
27 August 2012 at 07:24
tim12345 said…
yup thank you. i checked and confirmed that i have 3.
since i'm here, i'd just say that you have a very interesting blog. keep updating!
27 August 2012 at 11:21
noosabum said…
Hi Everyone,

With regards to the statement below:

"Over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c."

Just wondering what does this mean? Is there a duration for this stabilizing action if the price drop below 93c?
29 August 2012 at 21:13
Mr. IPO said…
Usually the stabilization manager has the mandate to do it for one month post IPO and they can decide the time and price to buy but the max no of shares will be as pre determined.
29 August 2012 at 22:03
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