IPO   

Avi-Tech Electronics

Underwriter:	Westcomb Securities Pte Ltd	Registered Date:	11/07/2007
	Issue Manager:	Westcomb Capital Pte Ltd

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Date Document Type Document(Click to view/download) Document Status 11/07/2007 Prospectus Avi-Tech - clean.pdf (1481 Kb) Registered

 

worth a try for "on the same day trading"...i do not think it's niche market after sunlight, they are few players in s'pore doing the same business.....

 

shouldn't be too bad... worth a try

 

amd and infineon tech are their customers

 

Me not in favour of tech / electronics stocks meanwhile.

 

Only 3 million share for public subscription. I am not going to waste my time and my $2.00.

The public will try their luck and the underwriter will boast about so many many times overscribed.

Good luck to you guys but not for me..

 

It has launched its IPO to raise $26.79 million in net proceeds. It is offering 88 million new shares at $0.33 each. The offering represents about 25.1% of its enlarged share capital of about 350.4 million shares. The IPO comprises 3 million shares for public subscription and 85 million for placement, including 200,000 Internet placement shares and 8.8 million reserved shares set aside for non-executive directors, employees, suppliers and other business associates.

When listed, it will be the second company in this niche market, after Sunright.

 

 

The Singapore-based company which provides services and products to the semiconductor industry is seeking a listing. Helmed by founder and CEO Lim Eng Hong, Avi-Tech Electronics has 3 business segments: burn-in and related services; designing and manufacturing of burn-in boards and boards-related products; and engineering services and equipment distribution.

Avi-Tech's customers are generally MNCs in the semiconductor industry which have outsourced different parts of their manufacturing process.

Net profits were about $8.83m for FY06, up from $7.32m for FY05.