Temasek Holdings

Chevalier in share offer

PUBLISHED : Wednesday, 19 October, 1994, 12:00am
UPDATED : Wednesday, 19 October, 1994, 12:00am

CHEVALIER Singapore Holdings, a wholly owned subsidiary of Hong Kong-based Chevalier International Holdings, says it is offering 28.12 million shares at 61 Singapore cents per share to raise about S$14.1 million.

Chevalier Singapore intends to use about $10 million to repay its existing borrowings and the balance as working capital.

Application will close on November 3, while listing of the company should take place on November 7.