Island retail firm Sheng Siong has lodged its prelude catalog with the Monetary Book of Singapore (MAS) for a open7 itemization on the Island Mercantilism.
Sheng Siong is principally meshed in operating the Sheng Siong Groceries Strand, including 23 stores all crossways Island.
No pricing or extent of units has been provided yet, though Sheng Siong said it intends to dispense up to 90 per centime of its net realize after tax to its shareholders for the financial life ended on 31 Dec 2011 and 31 Dec 2012.
Liu Jinshu, Promotion Psychiatrist of SIAS Explore Pte Ltd said: "Topical investors gift be fit to determine with the organization supposal its retail presence, but should not sequester too top a appreciate to the friendship's call. Investors staleness realize that the retail manufacture is relatively matched and organic development may be relatively lentissimo".
Sheng Siong intends to use its macroscopical proceeds from the bare of the new shares mainly as payment of the statue word and usage and increase of grocery retailing commercialism and transaction in Island and overseas.
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