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Indonesian coal firm Resources Global makes year's first SGX debut at S$0.21

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The firm plans to expand its customer base and grow its range of sectors and geographical coverage, according to its chief financial officer Thomas Yeo. Listing on the Singapore Exhange marks"the start of a strategic journey" for RGD, Mr Yeo added.

Earnings per share prior to the placement stood at three Singapore cents for FY2018, up from 1.6 cents in the year prior.Before the IPO, the company's sole direct shareholder was Singapore-incorporated Deli International Resources. It now holds a 83.8 per cent stake in RGD after the placement.

 

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