JE Cleantech Holdings Limited reports developments in precision cleaning equipment and centralized dishwashing services. The Singapore-based, Nasdaq-listed company sells cleaning systems and other equipment, including precision cleaning systems supplied through its wholly owned subsidiary JCS-Echigo Pte Ltd, and provides centralized dishwashing and ancillary services in Singapore.
Recurring company updates cover project orders, manufacturing and delivery activity, results for the cleaning systems and dishwashing businesses, cash dividends, annual general meeting outcomes, share-capital reclassification, and completed asset sales. News also reflects the company’s use of engineering and research and development capabilities to serve industrial cleaning applications.
JE Cleantech Holdings Limited (Nasdaq: JCSE) has priced its initial public offering (IPO) of 3,000,000 ordinary shares at $4.00 each, aiming for total gross proceeds of $12 million. A selling shareholder will also sell 750,000 shares at the same price, yielding an additional $3 million. Trading is set to commence on April 22, 2022, with the offering expected to close around April 26, 2022. The underwriters have a 45-day option to purchase up to 562,500 additional shares. ViewTrade Securities acts as the lead managing underwriter.