DBS iBanking

DBS iBanking: DBS iBanking Internet Banking, Personal iBanking | DBS Singapore: Malacca Trust is launching an IPO on Tuesday seeking a listing on the Singapore Exchange’s second board, Catalist. Existing DBS/POSB iBanking customers will be able to use the same 2FA security device for DBS Vickers online trading.

It is offering 85 million new shares at 22 cents each. Retail investors will be able to get a slice of the action with two million shares on offer. The remaining 83 million shares are reserved for institutional investors.

Almost all the IPO’s $16.7 million net proceeds will be used to pay off the group’s bank borrowings. PrimePartners Corporate Finance is the group’s manager and sponsor. Meanwhile, UOB Kay Hian Private has been selected as the underwriter and placement agent for the IPO.

The IPO closes on Friday, and trading is expected to start on July 26. By Live Trading News

Tags: posb ibanking, dbs, posb, dbs singapore, delavska hranilnica , UOB Kay Hian, UOB Kay Hian private, UOB Kay Hian IDB, dbs internet banking,www.dbs.com

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