SINGAPORE: East Asias water companies have found an oasis for fund raising in Singapores fast-growing market for initial public offerings (IPOs) and investors are lapping up their stock issues.
The shares in six listed water companies Singapores Hyflux Ltd, Dayen Environmental Ltd and Darco Water Technologies Ltd, Chinas Sinomem Technology Ltd and Asia Environment Holdings Ltd, and Malaysias Eco Water Ltd have soared an average 125% from their offer prices.
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