Alliance Healthcare Group Limited IPO​ – Balloting Results

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Alliance Healthcare Group announced on 30th May 2019, there were 480 valid applications received for the 1 million Offer Shares available for public subscription. In total, these applicants applied for an aggregate of approximately 18.3 million Offer Shares, with application monies received amounting to approximately S$3.7 million.

Excluding applications for 565,000 Placement Shares by connected persons and the persons mentioned in Rule 428 of the Rules of Catalist, based on the Invitation size of 32,000,000 Invitation Shares and the total remaining valid applications received amounting to 48,823,000 Invitation Shares (comprising valid applications received for 18,388,000 Public Offer Shares and 30,435,000 Placement Shares), the Invitation was approximately 1.53 times subscribed.

Alliance Healthcare Group will commence trading at 9 am on 31st May 2019. The SGX code is MIJ.

Dr Barry Thng Lip Mong (唐立茂), Executive Chairman and CEO of Alliance Healthcare welcome speech on media release.

We are heartened by the positive response to our IPO, which is an
indication of investors’ confidence in Alliance Healthcare’s business fundamentals and commitment towards delivering cost-effective and evidence-based medical solutions by leveraging the use of technology.

Author: The Financial Guy

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