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Kim Heng opens higher on SGX trading debut

Published on Jan 22, 2014 11:47 AM

Offshore oil and gas contractor Kim Heng Offshore rose in its first hours of trading on the Singapore Exchange (SGX).

The Catalist-listed stock opened at 32 cents on Wednesday, up 28 per cent from its initial public offering price of 25 cents.

Kim Heng chief executive Thomas Tan said in a statement: "We are both thankful and heartened by the investment community's faith in us as we move onwards and upwards from here."

The company is a Singapore-based integrated offshore and marine services provider.

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