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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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Oiltek International Limited - Balloting Results



Oiltek International Limited announced that it has received strong demand for its IPO where the public tranche was 112.9x subscribed. On an overall basis, the IPO was 4.3x subscribed.

Mr. Henry Yong Khai Weng (杨淳麟), Executive Director and CEO of Oiltek, said, "The
positive demand from both retail and institutional investors indicates a clear signal of
investors' confidence in Oiltek's business model and growth potential. This is the
beginning of our new corporate journey. With an acceleration of global trends shifting
towards sustainability, we are incredibly excited about the opportunity to create value for
all stakeholders by capitalising on the rising growth of the renewable energy sector.

For investors who apply for 100,000 shares, you will have a 25% chance of success and be allotted 4,000 shares.



Substantial applicants are also presented below.



The IPO will start trading tomorrow at 9am. Good luck to those who were allotted. 

Happy Oilteking




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