Renewed interest: People enjoying the view at the Marina Bay Sands hotel and casino. A central bank-led programme to allocate US$5bil in seed capital to Singapore-based funds has received positive interest from global fund managers. — Bloomberg
SINGAPORE: Interest from Singapore firms to list on the local bourse via initial public offerings (IPOs) and reverse takeovers (RTOs) has been returning ahead of a US$5bil capital injection that is expected to help revive the local stock market.
“We are currently working on several listings, including the Yangzijiang Maritime spin-off and the proposed RTO involving Sincap and Skylink Apac, both expected to list on the Singapore Exchange (SGX) within the year,” Ong Hwee Li, chief executive of corporate finance firm SAC Capital, told The Straits Times.
