Kin Global’s public offer of 1 million shares 29.5 times subscribed at S$0.23 a share
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Kin Global's IPO of 1 million shares was 29.5 times subscribed, raising approximately S$6.8 million at S$0.23 per share. The company received interest for 69,550,500 placement shares, resulting in a 2.9 times subscription and raising around S$16 million. Net proceeds of S$7.4 million will be used for mergers, acquisitions, and partnerships in the events tourism sector. The shares will commence trading on the Catalist board on April 23. Executive chairman Ko Chee Wah expressed confidence in the company's growth following strong investor interest.
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