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Sheng Siong Group Ltd Initial Public Offering (IPO) 5 Aug 2011

5 Aug 2011 SGNewsMan Food, Restaurants, Dining, Groceries, News

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Sheng Siong Group Ltd. with over $628.4 million in revenue for financial year 2010 is now inviting investors for its inital public offering (IPO). There will be 351,500,000 invitation shares comprising of 201,500,000 New Shares and 150,000,000 vendor shares.

Sheng Siong promises dividends of up to 90% of their net profit after tax for FY2011 and FY2012. For more information, see the attached Prospectus. Applications open till 15 Aug 2011, 12pm. OCBC Bank is the Issue Manager, Underwriter and Placement Agent.

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