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Initial Public Offer
Micro-Mechanics (Holdings) Ltd. Completes IPO
On June 25, 2003, the Group completed an Initial Public Offering on the Singapore Exchange (SGX-Sesdaq), offering 22 million new shares at S$0.23 each.
On the first day of trading, Micro-Mechanics shares closed at S$0.415 representing a premium of over 80% on our issue price.
"For nearly 20 years, we have worked to build a solid foundation for growth. Our successful IPO represents a new beginning from which we aim to bring the company to the next level." Chris Borch - President and Founder of Micro-Mechanics.
Low Ming Wah, Executive Vice President and Chris Borch, President, signal the start of trading of Micro-Mechanics shares on the SGX-Sesdaq