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PEC IPO - share market - share investment

posted August 3, 2009 - 6:29am
PEC IPO - share market - share investment

The singapore home grown plant and terminal engineering specialist company PEC have broken the drought of new listing on the Singapore Exchange Mainboard (SGX).

PEC is going to launch 63 million new shares at 40cents each.  This will help inturn become 26.5% of the increased share capital.

PEC intends to use the money raise from the IPO in the following area:
- construction of a new fabrication facilities in the middle east
- purchase new construction equipments and machines
- fund other new expansions


Website: http://www.theedgesingapore.com/the-daily-edge/bus...
Author: cozi
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