Swee hong engineering construction IPO

Swee hong engineering construction IPO

Singapore civil engineering firm Swee Hong Engineering Construction is planning an initial public offering to raise about $20 million, a source familiar with the plan told Reuters.

The source declined to be identified as he was not authorised to speak to the media.

Swee Hong is involved in several projects including the upcoming “Gardens by the Bay”, a new tourist attraction, the company said on its website.

Singapore’s IPO market has picked up this month after a dull start to the year as equity markets recover and bankers become more confident about listing

Swee Hong’s IPO is being managed by China Construction Bank, which is trying to gain a foothold in Singapore’s equity capital market. The Chinese bank managed property and construction group TA Corporation’s IPO late last year.

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