News Formal

Indonesian coal firm Resources Global makes year's first SGX debut above its IPO price

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

SINGAPORE (THE BUSINESS TIMES) - The Singapore bourse on Friday (Jan 31) saw its first trading debut of the year, with Resources Global Development (RGD) opening on Catalist at $0.21.. Read more at straitstimes.com.

SINGAPORE - The Singapore bourse on Friday saw its first trading debut of the year, with Resources Global Development opening on Catalist at $0.21.

Net proceeds from the IPO will be used for general working capital purposes, according to the company's final offer document lodged on Jan 14. For fiscal 2018, the company posted a net profit of $2.2 million, a surge of 86.4 per cent from $1.2 million a year ago. Revenue more than doubled to $44.8 million, from $19.2 million in FY2017.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesian coal firm Resources Global makes year's first SGX debut at S$0.21Indonesian coal firm Resources Global makes year's first SGX debut at S$0.21
Source: BusinessTimes - 🏆 15. / 51 Read more »