Alpina Holdings Limited’s S$8.1 Million IPO

Bird & Bird acted for United Overseas Bank Limited, sponsor and issue manager for Alpina Holdings Limited.

Singapore-based contractor Alpina Holdings raised S$8.1 million in an initial public offering on the Catalist board, as it seeks to expand its service offerings in the integrated facilities management (IFM) segment.

Alpina Holdings Limited is an established Singapore-based contractor specialising in providing integrated building services, mechanical and electrical engineering services and alteration and addition works.

Alpina said that S$3 million of the net proceeds will go towards expanding their existing business in the IBS, M&E and A&A works segments. Another S$2.5 million in net proceeds will be dedicated to strengthening and accelerating the extension of its IFM services. The remaining S$2.591 million in net proceeds will go towards general working capital.

The Bird & Bird team was led by Counsel Jolie Giouw (Picture), together with Associates Tan Xing Yi and Ong Chin Ngee, advised on the transaction.

 

 

Involved fees earner: Jolie Giouw – Bird & Bird; Chin Ngee Ong – Bird & Bird; Xing Yi Tan – Bird & Bird;

Law Firms: Bird & Bird;

Clients: United Overseas Bank Limited Co.;

Sonia Carcano

Author: Sonia Carcano