UG Healthcare makes strong IPO debut on SGX

SINGAPORE - The latest IPO on the Singapore Exchange to debut this morning was UG Healthcare on the Catalist board. The Malaysia-based manufacturer and distributor of latex examination gloves started trading Monday morning. It managed a strong debut, at 28.5 cents, compared with its 21.5 cents IPO offer price.

The Singapore stock market was trading on a weaker note on Monday morning, losing 0.02 per cent to 3,323.60 after the first 15 minutes of trading.

Volume was 92.6 million shares while value traded was $151.1 million.