Among others in the investment community, investors such as Mah Bow Tan, Pheim Asset Management and Eternal Glade Investment have applied for and been allotted 5.0% or more of the placement shares.
United Overseas Bank is the sponsor and issue manager and placement agent and UOB Kay Hian is the sub-placement agent for the placement.
Alpina’s shares are expected to commence trading on a “ready” basis at 9.00am on Jan 28.
Low Siong Yong, executive chairman and CEO of Alpina says, “We are very encouraged by the positive response to our IPO from the investors, and we believe their warm reception underscores the strength of our group’s business fundamentals as a reliable provider of building maintenance services with a solid public sector clientele, that is well-positioned to harness growing market opportunities.”
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“Our listing on Catalist serves as a strategic platform to enhance the visibility and image of our group as we push forward with our efforts to expand our existing business, as well as strengthen and accelerate the extension of our integrated facilities management (IFM) services,” adds Low.
