Corporate News
Posted On Wednesday, January 30, 2008 at at 10:41 AM by Finance AnalysisWee Hur Holdings
Shares of construction firm Wee Hur Holdings opened at S$0.30 on Wednesday, 20 percent above its initial public offering price of S$0.25 per share.
Upon opening, its shares had further risen to S$0.31 -- 24 percent above the IPO price. The company, which raised S$20.9 million at its IPO, plans to use the proceeds to fund acquisitions and take up larger contract projects.
Congrats to all who have got its IPO. Finally saw an IPO turning green. I hope many other IPO will share it success.
Source: Reuters
