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Chiwayland makes steady debut on SGX after reverse takeover of RH Energy

Published on Aug 6, 2014 11:33 AM

SINGAPORE - Chinese property developer Chiwayland International made its debut on the Singapore Exchange (SGX) on Wednesday.

Following a reverse takeover of RH Energy for a price tag of $399 million, Chiwayland is the first S-chip in about two years to list here.

Its shares opened at 53.5 cents, hitting a high of 57.5 cents and a low of 49.5 cents. It was last done at 50.5 cents at 11.01am.

The Straits Times Index was down 10 points at 3,317.

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