Huationg Global (IPO)

Huationg Global is a Singapore-based integrated civil engineering provider, has launched an IPO for a Catalist listing on the SGX. The IPO offers a total of 27.5m placement shares at 20cts each that represents ~18.2% of its post-placement share capital of 151.4m shares. The IPO is expected to raise ~$5.5m in gross proceeds, including net proceeds of ~$4.1m . Some $1.5m will be used to explore mergers and acquisitions, joint ventures and strategic alliances.