MS Holdings puts forward share proposal
20 November 2014 by Daniel SearleSingapore-based crane company MS Holdings has launched its initial public offering as part of its proposed listing on the Catalist Board of the Singapore Exchange Securities Trading Limited.
MS Holdings, which specialises in mobile cranes and lorry cranes, launched the IPO of 27m placement shares priced at SGD0.25.
Chief executive Jovan Yap said: "With a business track record spanning more than 50 years, this IPO marks an important corporate milestone for the Group and we look forward to building on this momentum to initiate our growth strategies and expansion of our business."
Revenue at MS Holdings has grown at a compound annual growth rate of 6.7% over the past three financial years, reaching SGD$17m in the 2014 financial year.
