It launched its placement of 25m shares yesterday.
According to a release, Xyec Holdings Co., Ltd., an established integrated engineering and IT services provider for major manufacturing industries in Japan, launched its placement of 25 million shares at S$0.26 each, in conjunction with its proposed listing on the Catalist board of the Singapore Exchange Securities Trading Limited. Xyec will be the first Japanese company to list on Catalist.
The Placement will close at 12:00 noon on 16 September 2013, while the listing and trading of the Company’s shares is expected to commence on a “ready” basis at 9:00 a.m. on 18 September 2013.
PrimePartners Corporate Finance Pte. Ltd. is the Manager, Sponsor and Placement Agent in relation to the IPO.
Incorporated in Japan in 2005, Xyec aims to be a leading integrated engineering and IT services provider for a wide spectrum of manufacturing industries such as the automobile, aerospace, IT, telecommunications, logistics, machinery and electronics industries.
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