The Lum Chang Creates IPO Catal Develossion, CEO says Mainboard is next

Singapore – The property restoration company is launched in the initial public offerings (IPO) here to raise $ 12.3 million per extension fund.

Creating a Lum Chang which will trade in the Catalist Panel, is offering 49 million in the face of the 9th.

IPO will include one million shares available to Singapore, and 48 million shares new and 14 million new shares available.

Lum Chang Creation, extracts from a list of lists listed with real estate companies

The chief executive leader limited to potential goals. It also plans to expand into Malaysia and Indonesia.

Based on the iPo price and the basis that lists the month of 315 million, the company is expected to launch to the guitarist with $ 78.75 million.

The Lum shares will hold shares 71.1 percent to create lum Chang after IPO, while Mr. LIM will own about 13.3 percent. People will account for 15.6 percent.

Mr. Lim Lim Lim is a list of real estate recovery and increased job protection, support from public and private tasks.

The company’s tracking records include work at State James and the Red Cross. It is also involved in projects such as

Restoration of the National Museum Construction

And with backlog orders worth $ 122.8 million may be May 31 May.

Finance not specified over the first 625 years of the year 2025.

Projections from Converging Reserees indicates that the market built between 14.4 percent for restoration of the property.

Lim says 2026 is expected to be a strong year for companies, as the project is carried out and with new order. You added that the company recognizes 50 percent of the value of the project until it is done.

The company intended to declare dividends for 30 percent of profits in 2025 and 2026 years.

Despite the potential with the best idea, Mr. Lim Lim said about the expected ‘IPO is a low level of its expectation level and at about 5 times.

He added that “IPO was the first step. We didn’t succeed here,”

“After we show people who we can make money and distribute the profits, six to eight months down the streets that we can do more.

“If successful, our capital will grow older, and we can move on. We can go to the photograph.”

The Lum Chang Share is expected to trade on July 21.

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