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...
Comments
www.fool.sg/2015/04/06/5-things-you-should-know-about-lhn-limiteds-upcoming-ipo/
There has been a lack of interest and confidence in the Singapore markets for the past 6-12 months. or maybe ever since the Asiason, Liongold, blumont debacle.
However, without the support of the Spore IPO scene, the Singapore market might get into a perpetual stagnant stance.
What it needs is the wealth effect to jumpstart the Spore scene again and give confidence to investors.
1st IPO in SG... perform well... followed by
2nd IPO in SG... perform well... followed by
3rd IPO in SG... perform well...
Investors then have confidence to invest in other companies.
This lack of interest and liquidity is a chicken and egg situation.
The investors that used to invest in Singapore have become like what real estate is in Singapore as real estate investors have either sat in the dark or have turned their eyes to the overseas market.
Investors should jump back in or brokerages should work together to create liquidity again
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