Swee Hong IPO closing 21st May 12pm

Swee Hong IPO closing 21st May 12pm

Swee Hong Engineering has finally put forth its Intial Public Offering ever since news was released in march about the pending listing.

The Civil Engineering firm will be making available a total of 97.8 million shares at 22.5 cents each on Tuesday, May 22nd.

Swee Hong posted revenue of 84.4Million and net profit of 12.3 million in 2011.It planned to raise a total of 13.7 million from the IPO and 10 million will be used to purchase equipments while 3 million will be utilized for expansion into other construction businesses.

The counter will makes it trading debut on the Singapore Stock Market on 23rd May.

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