PETALING JAYA: International Specialist Eye Centre (ISEC) Healthcare, the eye specialist hospital based in Mid Valley City Kuala Lumpur, is seeking a listing on the Catalist board of the Singapore Exchange (SGX) via a placement of 70 million shares at 28 Singapore cents each. Catalist is the junior board established by the SGX, formerly known as Sesdaq.
The small issuance, which is around 15.27% of the company’s equity, will raise S$19.6mil (RM50.48mil) mainly to fund its business expansion across the Asia-Pacific region, working capital and listing expenses. The market capitalisation based on the placement price and post-placement share capital of 458.5 million shares is about S$128.38mil (RM330.64mil).
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