EOC launches $254m share sale for Singapore listing: Reuters
It’s the company’s secondary listing.
A report by Reuters reveals that offshore support services company EOC Ltd has launched sale of shares worth S$214-S$254 million ($171 million - $203 million) for its secondary listing on the Singapore Exchange.
The company plans to sell up to 210 million shares, with each priced in the range of S$1.02-S$1.21, IFR said, citing banking sources.
EOC, an associate company of Singapore-listed Ezra Holdings Ltd, is already listed in Oslo and will become the first company with dual listings in Norway and Singapore.
DBS is the sole global coordinator. DBS and OCBC are the joint bookrunners and underwriters.