Drew & Napier acts as Legal Counsel to IEV Holdings Limited in its Initial Public Offering
13 Oct 2011
Drew & Napier acted as legal counsel on Singapore law to IEV Holdings Limited (IEV), in its Initial Public Offering (IPO) of 37,000,000 shares on the sponsor-supervised listing platform of the Singapore Exchange Securities Trading Limited (Catalist).
IEV is a Singapore-incorporated company which operates primarily through its operating subsidiaries in Malaysia, Indonesia, and Vietnam. IEV offers a range of integrated engineering solutions to support the offshore oil and gas industry predominantly in the Asia Pacific region and is also a mobile natural gas provider to the industrial sector in Indonesia and Vietnam. Drew assisted IEV in its IPO of 37,000,000 new shares at S$0.30 per new share by way of placement, raising a total anticipated amount of S$11 million, subject to market conditions. Trading of the IEV shares will commence on 25 October 2011.
The IPO was led by Director Marcus Chow and well supported by Associate, Jolie Giouw.
Find out more about Drew’s Capital Markets practice here.