Lum Chang Creations Limited (LCC) marked a robust debut on the SGX Catalist Board on 21 July 2025, with shares opening at S$0.30 and peaking at S$0.335, a 34% increase over its initial public offering (IPO) price of S$0.25. The public offer was oversubscribed by approximately 47.3 times, with 47.3 million shares applied for, generating application monies of about S$11.8m.
The company attracted significant interest from institutional investors, including Lion Global Investors, Ginko-AGT Alpha Fund VCC, Nikko Asset Management Asia, Asdew Acquisitions, and ICHAM Master Fund VCC. LCC raised total gross proceeds of S$12.25m, comprising S$8.75m from new shares and S$3.50m from vendor shares, resulting in a market capitalisation of S$78.75m post-IPO.
LCC, a leader in urban revitalisation, operates through subsidiaries such as Lum Chang Interior and Lum Chang Brandsbridge, providing services in conservation, restoration, interior fit-out, and addition and alteration works across various sectors, including retail, hospitality, and infrastructure.
Managing Director Lim Thiam Hooi expressed enthusiasm about the company’s market entry, stating, “We are delighted to begin trading on the SGX Catalist Board today, marking an important milestone in our journey as Singapore’s leading urban revitalisation specialist. This listing reflects the confidence our investors have in our proven capabilities across conservation, restoration, and interior fit-out works.”
With this successful listing, LCC aims to continue enhancing Singapore’s built environment and explore new opportunities for sustainable growth.
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