PERFORMANCE OF INITIAL PUBLIC OFFERINGS (IPOs)

Company Name

ECON HEALTHCARE (ASIA) LIMITED

Market

CATALIST

Date of Listing

Apr 19 2021

No. of shares Offered (mln)

50.000

Subscription Level

times

Par Value

SGD

Offer Price

SGD 0.2800

Amount Raised (mln)

SGD 14.000

1st Day Closing Price

SGD 0.2900

1st Day Closing Price against Offer Price

Premium/Discount

SGD 0.010
3.5710 %

Closing Price as at 2025-07-16

SGD0.350

Market Capital as at 2025-07-16

93068812.00

Closing Price as at 2025-07-16 against Offer Price

Premium/Discount

SGD0.070
25.000000000000000 %

Issue Manager/Sponsor

DBS Bank Ltd

COMPANY PROFILE

Date of Incorporation

01/28/2004

Place of Incorporation

Singapore

Type of business

Econ Healthcare (Asia) Limited (together with its subsidiaries, the “Group”) is the leading premium private nursing home operator in Singapore and Malaysia, and also has a presence in China. The Group’s operations have two key business segments: (i) Medicare Centres and Nursing Homes, being the provision of residential nursing care services, home care services, rehabilitation services (such as physiotherapy), clinical services and traditional Chinese medicine (“TCM”) treatments in its medicare centres and nursing homes and (ii) Other Operations and Ancillary Services, being the provision of healthcare training services, the offering of TCM services at its TCM clinics and the operation of senior activity centres in Singapore.