Lum Chang Creations makes strong trading debut in SGX Catalist Board

Trading opened at $0.30 and closed at $0.305, over IPO price of $0.25.

Lum Chang Creations Limited (LCC) made a successful trading debut in the Catalist Board of the Singapore Exchange on 21 July, opening at $0.30 and reaching an intraday high of $0.335. 

The shares closed at $0.305, representing a 22% increase from the IPO price of $0.25. 

The company’s public offer of 1 million shares was approximately 47.3 times subscribed, receiving application monies of about $11.8m.

Total gross proceeds includes $8.75m from new shares and $3.5m from vendor shares, giving the company a market capitalisation of $78.75m post-IPO.

LCC attracted commitments from prominent institutional investors such as Lion Global Investors, Ginko-AGT Alpha Fund VCC, Nikko Asset Management Asia, Asdew Acquisitions, and ICHAM Master Fund VCC.

“This listing reflects the confidence our investors have in our proven capabilities across conservation, restoration, and interior fit-out works. With this new chapter, we look forward to furthering our mission of enhancing Singapore's built environment whilst exploring new opportunities for sustainable growth,” Lim ThiamHooi, Managing Director of LCC said.