DLF Holding Limited (SGX: KUX) make its trading inception on Wednesday 25-July by opening at S$0.22, down from its placement price of S$o.23. All the shares were put off for certain investors and there are no shares was available to the public.
DLF is a local electrical and mechanical engineering services and solutions provider. Its main functioning is in the supply of project management and turnkey contracting services.
The company completed its projects in various versatile are such as Resorts World Sentosa, Sengkang General and Community Hospital, and Sengkang LRT depot and also, presently providing turnkey contracting services in the external area of Singapore for the construction of Inter-Continental Hotel in the Maldives and some other region.
Chief executive and executive director of DLF, Wong Ming Kwong, said:
“Our listing on the SGX will help us to expand our business and elevate our company profile. In addition to organic growth through securing more projects, we will also be looking at M&A opportunities to increase our scale and scope.”
Shares in DLF hit an intraday low of S$0.156 apiece before ending the day at S$0.169