Lin Tianhui, CEO of Lin Zengchuangzhu, is also one of the company's founder and major shareholders. He has decades of rich industry experience. In 2018, Lin Zeng Holdings' managing director Lin Zeng Holdings invited Lin Guocheng to jointly e...
Lin Tianhui, CEO of Lin Zengchuangzhu, is also one of the company's founder and major shareholders. He has decades of rich industry experience. In 2018, Lin Zeng Holdings' managing director Lin Zeng Holdings invited Lin Guocheng to jointly establish this company.
According to the prospectus, Lin Zengchuang is one of Singapore's leading players, with comprehensive capabilities in protection and restoration projects, as well as interior decoration projects and addition and reconstruction projects (A&A), accounting for 14.4% to 17.0% of the Singapore market.
Lum Chang Creations, a subsidiary of listed company Lum Chang Holdings, is an initial public offering (IPO), with a selling price of RMB 0.25 per share. It will issue 49 million shares, of which 1 million shares (all new shares) are open for public subscription, and the allotment part is 48 million shares (new shares account for 34 million shares), and the scale of the listed fundraising is expected to reach 12.25 million yuan.
The public can subscribe to this stock from Wednesday, July 9th to 12 noon on July 17th. Lin Zengchuangzhu shares are expected to be listed on the Kelly Board of the Singapore Exchange on July 21, and the group's market value will reach about 78.75 million yuan when it is listed. It is listed after the car dealer Vin’s Holdings and software company Info-Tech Systems, and is the second Kelly board this year and the third new stock in the Singapore stock market this year.
This company is quite young. It has only been seven years since its establishment in 2018, and its intermediary business was once suspended due to the COVID-19 epidemic. In the past few years, the company's business has developed rapidly, with a compound annual growth rate of revenue (CAGR) exceeding 100%, reaching RMB 59 million in fiscal year 2024, with a net profit of RMB 4.7 million, and earnings per share before and after the sale of shares were 1.69 cents and 1.50 cents respectively. It is worth noting that in the first half of fiscal year 2025, the company's net profit increased by 61.6% year-on-year to 5.31 million yuan, which has exceeded the level of the full year of fiscal year 2024.
RHT Capital is the sponsor and issuance manager of Lin Zengchuang Construction, and CGS International Securities Singapore Pte. Ltd. is the underwriter and placement agency of its share sale this time.
