CGS International Securities Singapore Pte Ltd has successfully facilitated the listing of Lum Chang Creations Limited on the Singapore Exchange’s Catalist Board, raising S$12.25m. The initial public offering (IPO) was priced at S$0.25 per share, with CGS International acting as the Sole Underwriter and Placement Agent. This move underscores CGS International’s expanding influence in Asia’s capital markets.
The IPO attracted substantial interest from institutional investors, including Lion Global Investors Limited and Nikko Asset Management Asia Limited, highlighting confidence in Lum Chang Creations’ growth potential. Jason Saw, Group Head of Investment Banking at CGS International, remarked, “We are proud to have supported Lum Chang Creations in their public market debut as it expands its regional footprint and deepen capabilities in the built environment sector.”
Lum Chang Creations, a subsidiary of Lum Chang Holdings, is renowned for its expertise in urban revitalisation in Singapore. The funds raised will be channelled towards accelerating regional growth, expanding the company’s project pipeline in the high-end residential sector, exploring acquisitions, and bolstering working capital.
This listing is part of a series of successful equity offerings led by CGS International, reinforcing its role in shaping the dynamic capital markets landscape in Asia. The firm continues to build a strong track record by supporting prominent issuers across various sectors and geographies.
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