Singapore: Courts Asia, a furniture and electronics retailer with operations in Singapore and Malaysia, raised about S$137 million (Dh409 million) in an initial public offering, two people with knowledge of the matter said.
The company sold shares at 77 cents apiece, the people said, asking not to be named as the information is private.
Courts Asia and shareholder Singapore Retail Group offered 178 million shares at 67.5 to 77 Singapore cents, according to a term sheet obtained by Bloomberg News Monday. Full story
