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  • New Sore Opening in Jalan Besar
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  • Sheng Siong Group has relocated to a new premise
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  • Q: May I know what is the IPO invitation?

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    Invitation in respect of 351,500,000 Invitation Shares comprising 201,500,000 New Shares and 150,000,000 Vendor Shares as follows:
    1. 15,000,000 Offer Shares at S$0.33 for each Offer Share by way of public offer; and
    2. 336,500,000 Placement Shares at S$0.33 for each Placement Share by way of placement,
    payable in full on application (subject to the Over-allotment Option).

    In connection with the Invitation, we have granted to the Issue Manager the Over-allotment Option exercisable in whole or in part for up to 52,725,000 Overallotment Shares representing not more than 15% of the Invitation Shares, within 30 days from the date of commencement of dealing of our Shares on the SGXST, at the Issue Price, solely for the purpose of covering over-allotments (if any) made in connection with the Invitation.
  • Q: May I know what is the time line for the IPO?

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    5 August 2011, 9.00 a.m. Opening date and time of public offer
    15 August 2011, 12 noon Closing date and time of public offer
    17 August 2011, 9.00 a.m. Commencement of trading on SGX-ST
  • Q: May I know where I can obtain a copy of the prospectus?

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    Copies of the Prospectus and the Application Forms and envelopes may be obtained on request, during office hours, subject to availability, from:

    Oversea-Chinese Banking Corporation Limited
    65 Chulia Street
    OCBC Centre
    Singapore 049513

    and from most branches of OCBC Bank.

    Alternatively, you could download the e-prospectus here.

  • Q: How do I apply for the Offer Shares?

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    Your application for Offer Shares may be made by way of the printed White Offer Shares Application Forms or by way of Electronic Applications through the ATMs of OCBC Bank, DBS Bank and United Overseas Bank Limited.

  • Q: How does the Group intend to use the proceeds raised from the IPO?

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    Purpose Estimated amount (S$ million) Estimated amount allocated for each dollar of the gross proceeds raised from the issue of New Shares (cents)
    Repayment of the Term Loan 30.0 45.1
    Development and expansion of grocery retailing business and operations in Singapore and overseas 20.0 30.1
    Working capital purposes 12.6 18.9
    Expenses incurred in connection with the New Shares 3.9 5.9
    Total 66.5 100.0