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Jiutian Chemical0.051+0.005
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News - Detailed News Story

Keppel Corp

Stock Chart
Last Done 4.100
Change - (-)
Volume 7,180.1
Range 4.080 - 4.130

StarHub

Stock Chart
Last Done 1.180
Change - (-)
Volume 1,420.4
Range 1.170 - 1.190

SPH

Stock Chart
Last Done 1.040
Change +0.010 (+0.97%)
Volume 5,085.7
Range 1.030 - 1.050

Singtel

Stock Chart
Last Done 2.140
Change +0.020 (+0.94%)
Volume 23,905.5
Range 2.130 - 2.160

MyRepublic delays Hong Kong IPO again, blames hold-up in investor funds

04 Oct 2019 09:00

By Annabeth Leow

BROADBAND operator MyRepublic will file for its initial public offering (IPO) in July or August next year, and aims to go public in Hong Kong by end-2020, chief executive Malcolm Rodrigues told The Business Times.

That timeline marks yet another market delay at eight-year-old MyRepublic, which earlier pushed back its debut from late-2018 to mid-2020.

Growth plans were partly held up by a fund-raising shortfall, said Mr Rodrigues, citing a disputed injection by a Singapore private equity firm.

But he added that MyRepublic, which branched out into mobile services here in May last year, has made up the missing investment amount with others, and is on track to turn a profit by the IPO date, as planned.


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Source: Business Times
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