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ISDN Holdings

2 IPOs managed by Westcomb launched

By Michelle Quah - 16 November 2005
The Business Times

TWO more initial public offerings (IPOs) managed by Westcomb Capital Pte Ltd were launched yesterday.

Launching their share offers yesterday were ISDN Holdings Limited, a mechatronics engineering company providing integrated motion control and industrial computing solutions, and HLN Technologies Limited, a manufacturer of engineering precision elastomeric and polymeric components.

Both are managed by Westcomb Capital, and underwritten by Westcomb Securities Pte Ltd.

ISDN Holdings is offering 39.7 million shares at 29 cents each - 1.5 million shares will be for the public, while 38.2 million shares will be placed out. The IPO is expected to raise net proceeds of about $6.43 million. The invitation will close next Tuesday.