KNM's board gives nod to Borsig's listing in Singapore, eyes market cap of up to US$300 mil
KNM Group Bhd plans to list its indirect wholly-owned subsidiary Borsig GmbH on the Main Board of the Singapore Stock Exchange Securities Trading Ltd (SGX-ST) by way of an initial public offering (IPO), with a view of achieving a market capitalisation of up to US$300 million and a placement of 49% of the enlarged capital comprising vendor and/or new shares. In a bourse filing on Friday (Dec 16), KNM said its board of directors has approved the proposed listing and has on Dec 15 appointed Singapore-based PrimePartners Corporate Finance Pte Ltd to act as the issue manager, underwriter and placem...