Thursday, June 26, 2014

SMJ International (IPO)

Upcoming IPO - SMJ International SMJ specialises in the sale and distribution of a wide range of premier carpets marketed under its proprietary “SMJ” brand through its global distribution network of more than 260 carpet dealers, carpet importers and carpet installation companies in over 20 countries, mainly in Asia. The Group aims to become a one-stop office furnishing solution provider in the region. SMJ serves both the commercial and institutional sectors in Asia, with an established reputation and track record of more than 25 years. Its revenue model is split into contract sales and distribution sales. SMJ has a large warehouse spanning approximately 42,614 sqft in Singapore, which is stocked with a wide variety of carpet tiles and broadloom carpets in approximately 80 different designs of carpets, in up to 400 different colours. AS a testament of its track record, SMJ has been appointed by Shaw Industries, a subsidiary of Berkshire Hathaway, as its authorised supplier for “Shaw Contract Group” brand of carpets in Singapore since 1992. Issue Statistics Offer Price $0.28 Placement Share: 20.24m placement (14m new, 6.24m vendor) Market Cap $21.8m Placement Close: 25 Jun 2014, 12.00 noon Share Trading: 30 Jun 2014, 9 am (Catalist) Sponsor, Issue Manager: Hong Leong Finance

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