TalkMed Group Limited's subsidiary, Singapore Cancer Centre Pte. Ltd., principal activity is the provision of specialist doctors and medical staff to Parkway Cancer Centre, which is a division of Parkway Hospitals Singapore Pte. Ltd. for the provision of specialist oncology services
Reminded me of the 3 times I tried to list my previous company. First time was just before the dotcom collapse. We were halfway through the writing of the prospectus when the stock market collapsed. We had to pull the plug and I learnt my first lesson.... regardless of whether you succeed or not, the financial institution will want you to pay for its services. We used a big international name and had to pay hundreds of thousands of dollars in fees.
The second time we tried a local bank and everything went very smoothly until the listing manager resigned. The new manager was not keen to pursue our IPO and again, we had to pull out. This time, we had an almost completed IPO prospectus. I cannot remember the details apart from having to pay some money to the bank as well.
The third time, we tried listing overseas. Everything went smoothly and we completed the prospectus. Then, the financial institution was acquired and all deals were to be reappraised. Again, we had to withdraw. This time however, the merged overseas financial institution realised that the fault was not ours and no fee was demanded. I have only good things to say about the professionalism of this overseas team and their financial institution.
Yes, after 3 rounds of writing IPO prospectus, I think the next time, I will be lots smarter.