Cogent Holdings IPO

Cogent Holdings IPO at $0.22 per share & closing date is 23 Feb. There are total 92 million new shares & the net proceeds is planned for the expansion of the group's container depot operations and warehousing space. Quite interested. Considering...considering...

On another not-so-related note, 'cogent' is also an adjective which means:
1. convincing or believable by virtue of forcible, clear, or incisive presentation; telling.
2. to the point; relevant; pertinent.

Good omen, if one is to be superstitious. Heh.

Homegrown logistics group Cogent Holdings plans to raise net proceeds of S$9.1 million in an initial public offering in Singapore.

It plans to list on SGX's mainboard and is offering 92 million new shares at 22 cents each.

Cogent is a full-service logistics management service provider in Singapore.

The group provides trucking services for both laden and empty containers between ports and warehouses, as well as transportation for oil and gas equipment.

It also manages and leases approximately 4 million square feet of warehousing space and premises, as part of its warehousing and container depot management services business.

In 2008, Cogent expanded into the automotive logistics business, offering a comprehensive spectrum of services for the processing, transportation and storage of motor vehicles.

Cogent plans to use the main bulk of the net proceeds for the expansion of the group's container depot operations and warehousing space.

From Channel NewsAsia, "Cogent plans to raise net proceeds of S$9.1m in IPO".

Homegrown logistics group Cogent Holdings, plans to raise net proceeds of $9.1 million in an initial public offering in Singapore. The company plans to list on the Singapore Exchange Mainboard and is offering 92 million new shares at 22 cents each.

Cogent is a full-service logistics management service provider in Singapore which provides trucking services between ports and warehouses as well as transportation for oil and gas equipment.

It manages and leases approximately 4 million square feet of warehousing space and premises as part of its warehousing and container depot management services business.

In 2008, Cogent expanded into the automotive logistics business, offering a comprehensive spectrum of services for processing, transporting and storing motor vehicles.

Cogent plans to use the main bulk of the net proceeds or about $6.1 million for the expansion of the Group's container depot operations and warehousing space.

Another $2 million is for the expansion of its vehicle logistics operations and the remaining $1 million is for working capital purposes.

From Today, "Cogent Holdings plans IPO".

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