ST Group Food Industries Holdings Limited – Balloting Results

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ST Group Food Industries Holdings Limited is offering 30.077 mil placement shares for its IPO on Catalist at $0.26 per share. The IPO write up is available here.

The board of directors is pleased to announce that, as at the close of the Application List at 12.00 noon (Singapore time) on 1 July 2019, all the 30,077,000 Placement Shares available for subscription have been validly and fully subscribed for and application monies received for these Placement Shares amounted to S$7.8 million. There is no update on the number of times oversubscribed. 

The allocation of placement shares is as follow.

ST Group_Placement Results

Mr. Saw Tatt Ghee (蘇達義), Executive Chairman and CEO of the Company, said, 

We would like to extend a warm welcome to all our new shareholders. Thank you for your vote of confidence, and for believing in the growth story and future of ST Group. We are extremely excited to embark on this new journey with you. Our status as a listed company provides us a platform to enhance the visibility of our brands across our key geographical markets. Alongside the enlarged capital base from our successful listing, we believe we are now better-placed to build on our successes over the past seven years and elevate our business to the next level.

Author: The Financial Guy

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