In addition, the IPO is backed by cornerstone investors including Apricot Capital, Asdew Acquisitions, Cache Capital, ICH Synergrowth Fund, Maybank Securities, S11 Group's Jonathan Cheah Chi Kong and Deepak Lakhi Ramchandani of Maybank Securities.
The Assembly Place's IPO, which is raising net proceeds of $10.8 million, is 5.2 times subscribed. The 2 million public tranche shares was 35.5 times subscribed while the placement tranche of 48.3 million shares is 3.9 times subscribed.
The offer attracted institutional investors such as Avanda Investment Management andLion Global Investors, individuals such as Centurion's Han Seng Juan, SAC Capital's Rudolf Jurgen August Rolles and United Overseas Australia's Chong Soon Kong @ Chi Suim.
