Micro-Mechanics (Holdings) Ltd. Completes IPO
On 25 June 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 - Chief Executive Officer and Founder of Micro-Mechanics.
On 22 July 2008, the listing and quotation of Micro-Mechanics shares were upgraded to the Mainboard of the Singapore Exchange (SGX-ST).