Last Price
1.65
Today's Change
0.00 (0.00%)
Day's Change
1.64 - 1.65
Trading Volume
651,700
Avg Volume (4 weeks)
1,883,152
4 Weeks Range
1.55 - 1.68
4 Weeks Price Volatility (%)
52 Weeks Range
1.47 - 1.68
52 Weeks Price Volatility (%)
Previous Close
1.65
Open
1.65
Bid
1.64 x 525,200
Ask
1.65 x 861,200
Day's Range
1.64 - 1.65
Trading Volume
651,700
Sector: Wholesale and Retail Trade
Sector: Wholesale and Retail Trade
Description:
Sheng Siong Group Limited is a Singapore-based investment holding company. The Company, through its subsidiaries, is engaged in the supermarket operations, and trading and wholesale importers of consumer goods. The Company is a retailer with approximately 70 stores located all across the island. The Company's chain stores are designed to provide customers with both wet and dry shopping options ranging from a wide assortment of live, fresh and chilled produce, such as seafood, meat, fruits and vegetables to packaged, processed, frozen and/or preserved food products as well as general merchandise, including toiletries and essential household products. The Company offers over 1,500 products under approximately 23 house brands. It has an allforyou.sg online shopping platform for groceries, which offers e-commerce services in almost all postal districts in Singapore. Its wholly owned subsidiaries include Sheng Siong Supermarket Pte Ltd and C M M Marketing Management Pte Ltd.
Sheng Siong Group is proposing to place out 120 million shares at 67 cents each.
The placement price represents a discount of 5.37% to the volume weighted average price of $0.708 for trades done on the SGX on Sep 3.
The placement shares represent 7.98% of the enlarged issued share capital of 1.5 billion shares after the issuance and allotment of the new shares.
The placement will allow the company to raise gross proceeds of $80.4 million.
The group intends to use 98% to 99% of the gross proceeds will be used to finance the future expansion plans of the group in Singapore which includes the acquisition of properties for new retail outlets.
Sheng Siong says it intends to continue to distribute up to 90% of its net profit after tax to its shareholders for the financial years ending 31 December 2015 and 31 December 2016 as dividends.
2014-09-04 16:27
its proposal only.. can drop to 67 cents. No meaning to the right issue then?
2014-09-04 17:04
queenfit
any idea why drop so much today?
2014-09-04 13:41