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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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NoonTalk Media Limited

For Information Only


Sorry I missed this write up as I was traveling, hence this post is pure for records purpose. 

Even if I am around, I am unlikely to give it a good rating given just how poor market sentiments had been.

NoonTalk Media Limited ("NoonTalk" or the "Company") is a Singapore-based media entertainment company that specialises in artiste and talent management, multimedia production and event conceptualisation.

The Company is offering 22m shares at Singapore 22 cents each, of which 4.5m is via public offer and 17.5m via placement. Based on the IPO price, the market cap is S$43.6m

The IPO opened on 14 Nov and closed on 17 Nov 12 Noon. 

 I have never seen such a "short" IPO window. I am sure they met the legal requirement for the minimum IPO roadshow period but to have it for 2.5 days, it means that they have already placed out the hands to friends and family before launching the IPO. 

The books were covered by Lim Hock Leng (MD of Sheng Siong Group) who took 4.4m shares, Union Energy (2m shares) and Qilin Wealth Fund - Family Office (1.35m).

Dasmond Koh, the founder and CEO owns about 62.55% of the Company post IPO and two other popular artists who worked for him are Xu Bin and Kimberly Chia.

I don't really know how to value this Company as it is project driven and it is also tough to account for the "extra income" received by their artistes. For example, the red packets received by these artistes, do they go to the Company or to their pockets directly? lol. 

Thankfully I don't have to give them any chilli ratings! I just cut and paste the pictures below from the IPO prospectus for reference.

Company Prospects

Core Business Segments


Competitive Strengths



Profit and Loss

As you can tell from the profit and loss statement, the Company is making barely any profits over the last 3 years





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