Search

MORE NEWS
COMMERCIAL PROPERTY | Tony Chua, Singapore
Published: 22 Oct 10
7252 views


Oxley Holdings IPO launching targets $81.2mln

Developer allots proceeds for augmenting its financing for site acquisitions and for corporate capital requirements.

Property developer, Oxley Holdings Limited (“Oxley Holdings”), has launched the largest initial public offering (“IPO”) to-date on the SGX Catalist. Comprising 224 million new shares at 38 cents each, the Company will raise approximately $81.2 million in net proceeds through the offering. The shares are offered only by way of placement, according to an Oxley report.

The new shares to be issued represent 15.0% of Oxley Holding’s enlarged issued share capital after the IPO.
With 16 properties (including those that are sold) to be developed, and amounting to approximately 52,710 sqm in its land bank, Oxley Holdings intends to use the proceeds of the IPO to partially finance the acquisition of five existing land sites, acquire new development sites for its land bank and for general corporate and working capital requirements.

Commenting on the listing, Mr Ching Chiat Kwong, Executive Chairman and CEO of Oxley Holdings said, “We are a young, but dynamic company that has successfully launched several projects to positive response. The listing is a timely move that will enable us to strengthen our financial capabilities and create greater public awareness for our projects. With that, we can look forward to executing our growth strategy with confidence, and sharing the fruit of our success with our new shareholders.”

“We intend to propose a dividend payout of at least 50% of net profits attributable to shareholders for FY2011, at least 30% for FY2012 and at least 20% for FY2013 to FY2015,” Mr Ching added.

Oxley Holding’s share offering will close at 12 noon on 27 October 2010. Trading of the shares is expected to commence at 9:00 am on 29 October 2010. Collins Stewart Pte. Limited is the Sponsor and Placement Agent for this IPO.

Oxley Holdings prides itself on being able to develop residential projects that cater to the growing needs of young working adults who value quality living and a finer lifestyle. Its projects are generally located at easily accessible prime areas, well connected to business districts, and shopping and dining locations. Some developments feature commercial units, which provide convenient access to amenities.

As at 20 October 2010, three of Oxley Holdings’ launched projects, Suites@Katong, Parc Somme and Loft@Rangoon have been fully sold, while Viva Vista and RV Point were approximately 99% and 84% sold respectively. As at 27 August 2010, the capital value of the 15 properties held by Oxley Holdings for development, excluding the one at Robinson Road, amounted to approximately $443 million, based on an independent valuation.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

LATEST COMMERCIAL PROPERTY JOBS »
PRINT ISSUE »

Subscribe Now
What factors are keeping expats rooted in Singapore?

129 views

What factors are keeping expats rooted in Singapore?

335 views

Can Asian private equity outgrow the west?

80 views

MOST READ EXCLUSIVES

Singapore’s 10 most sought-after 40 and under investors

Singapore’s 10 most sought-after 40 and under investors

Check out who made the cut.

by KRISANA GALLEZO
19 Dec 2014 | 37653 views
 

Singapore’s first permanent lifestyle market opens in Bukit Timah

Singapore’s first permanent lifestyle market opens in Bukit Timah

Over 20 brands and labels are gathered together under one roof.

by KRISANA GALLEZO
5 Jan 2015 | 30486 views

Singapore’s top 5 work from home jobs

Singapore’s top 5 work from home jobs

Here are jobs that you can do while sitting on your couch or in your favorite coffee shop.

by KRISANA GALLEZO
11 Dec 2014 | 25692 views
 

Singapore Business Review’s 2014 Class of 40 and under

Singapore Business Review’s 2014 Class of 40 and under

Meet a summa cumlaude graduate who rises from poverty to become JP Morgan’s head of corporate finance.

by KRISANA GALLEZO
12 Jan 2015 | 25489 views

Find out the 10 most expensive districts to rent an HDB flat in Singapore

Find out the 10 most expensive districts to rent an HDB flat in Singapore

Glitzy Bukit Timah is off the list.

by KRISANA GALLEZO
19 Dec 2014 | 21623 views
 

Singapore’s hot new restaurants in December

Singapore’s hot new restaurants in December

Japanese restos take over Singapore’s sizzling dining scene.

by KRISANA GALLEZO
17 Dec 2014 | 7957 views

This food hub in Seah Street brings a throwback experience to dining

This food hub in Seah Street brings a throwback experience to dining

It offers an exciting lunch menu which changes every week.

by KRISANA GALLEZO
16 Jan 2015 | 5207 views
 

Singapore’s first news aggregation app attracts 1 million users in two years

Singapore’s first news aggregation app attracts 1 million users in two years

Stay in the loop with news and lifestyle content from SBR and 600 other publishers.

by KRISANA GALLEZO
10 Dec 2014 | 2745 views

Go inside the gorgeous new headquarters of Ingredion in Singapore

Go inside the gorgeous new headquarters of Ingredion in Singapore

Its state-of-the-art kitchen space is not to be missed.

by KRISANA GALLEZO
18 Dec 2014 | 2101 views
 

This startup created the world’s first bed sensor technology

This startup created the world’s first bed sensor technology

No more patients accidentally falling off hospital beds.

by KRISANA GALLEZO
14 Jan 2015 | 1980 views

What Singaporean investors can expect from Okinawa’s development

What Singaporean investors can expect from Okinawa’s development

A 40% tax cut in setting up business is expected to lure investors.

by KRISANA GALLEZO
12 Dec 2014 | 1897 views
 

Jack Wills opens its first store in Singapore

Jack Wills opens its first store in Singapore

A 'fun' brand that values the Brit vibe. Put your game face on!

by KRISANA GALLEZO
10 Dec 2014 | 1713 views

Meet INSEAD’s new chairman of the board

Meet INSEAD’s new chairman of the board

Find out how Andreas Jacobs plans to bring “business as a force for good”.

by KRISANA GALLEZO
14 Jan 2015 | 1674 views
 

The future of innovation: What’s next after Facebook and Twitter?

The future of innovation: What’s next after Facebook and Twitter?

A video version of Twitter might be under way.

by KRISANA GALLEZO
11 Dec 2014 | 1437 views

What it’s like going into business with your significant other

What it’s like going into business with your significant other

A couple who founded an artisanal food outlet, P.Bistro, shares experience.

by KRISANA GALLEZO
9 Jan 2015 | 1392 views
 

This could be your best pal when no one’s around to help during an emergency

This could be your best pal when no one’s around to help during an emergency

TagBio's ID-Life features accessories with critical info embedded in QR codes.

by KRISANA GALLEZO
16 Dec 2014 | 1279 views

Kungfumath wants to revamp boring e-learning portals

Kungfumath wants to revamp boring e-learning portals

“Play with numbers” in its literal sense.

by KRISANA GALLEZO
5 Dec 2014 | 1115 views
 

SFIC Institute's new training hub overhauls carpenters' career image

SFIC Institute\'s new training hub overhauls carpenters\' career image

It’s the first carpentry training center in Singapore’s furniture industry.

by KRISANA GALLEZO
10 Dec 2014 | 1077 views

The heat is on: This office literally gets a bit hot for their green drive

The heat is on: This office literally gets a bit hot for their green drive

Discover how they execute their green initiatives in the office.

by KRISANA GALLEZO
22 Jan 2015 | 825 views
 

FTMSGlobal Academy Singapore launches new weekend MBA

FTMSGlobal Academy Singapore launches new weekend MBA

The course fee is below $20,000.

by KRISANA GALLEZO
8 Jan 2015 | 791 views

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

This NRI-focused startup also gives migrants monthly feedback from the doctor.

by KRISANA GALLEZO
7 Jan 2015 | 664 views
 

ENVision campaign‘s ‘hard truth’ could make you think twice

ENVision campaign‘s ‘hard truth’ could make you think twice

Singapore might run out of space for trash by 2035 and more.

by KRISANA GALLEZO
15 Dec 2014 | 594 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter