Asian Healthcare Specialists Limited - Placement Results

Asian Healthcare Specialists ("AHS" or the "Company") announced that its has completed the placement of 46.9m shares to 337 placees.

10% of the placement shares went to the Ho Bee Land's boss, Mr. Chua Thian Poh. Given the small issuance size and placement, my view is that the debut of the shares will be well supported.

I had given it a 3 chilli rating here.

“ We are encouraged by the strong investor support in the IPO, which reflects confidence in AHS’s track record and growth prospects. We believe that a listing on Catalist will allow us to access the capital markets to expand our business locally and regionally, as well as grow our talent pool to continue building our brand name. This indeed marks a major milestone for us as we work towards our goal of giving movement, quality and life to years ” - Dr Chin Pak Lin, Executive Chairman and CEO of AHS.

119 of the readers participated in the poll to guess the opening price and 30% guess it will open below 30 cents and 50% guessed it will be above 30c, with the 20% don't giving it a hoot.

It would have been better if the Company has reserved some shares for the public...