Lum Chang interior arm launches IPO at $0.25 per share

It is expected to raise $8.75m in gross proceeds.

Lum Chang Holdings Limited has priced the initial public offering (IPO) of its interior fit-out business at $0.25 per share as it moves forward with the spin-off and listing of Lum Chang Creations Limited (LCC) on the Catalist board of the Singapore Exchange (SGX-ST).

On 9 July 2025, LCC, the holding company of Lum Chang Interior Pte. Ltd. (LCI), registered its final offer document with SGX-ST, acting on behalf of the Monetary Authority of Singapore.

The IPO includes 49 million shares—1 million new shares offered to the public in Singapore and 48 million shares via placement, comprising 34 million new shares and 14 million vendor shares.

The offering is expected to raise $8.75m in gross proceeds, valuing LCC at about $78.8m based on its post-offering share capital of 315 million shares.

RHT Capital Pte. Ltd. is the issue manager and full sponsor, and CGS International Securities Singapore Pte. Ltd. is the underwriter and placement agent.

After the listing, Lum Chang will retain a 71.1% stake in LCC.