Infinity Development Holdings: Successful Placement of 35.1 Million New Shares Ahead of Catalist Listing
Infinity Development Holdings Completes Fully Subscribed Placement of 35.1 Million New Shares Ahead of Catalist Listing
Key Highlights for Investors
- Successful Placement: Infinity Development Holdings Company Limited has completed a placement of 35,100,000 new shares at S\$0.39 each, with the offering fully subscribed and raising a total of S\$13,689,000.
- Strong Investor Demand: The placement attracted 233 placees, reflecting robust investor interest and confidence in the company’s prospects.
- Upcoming Trading Debut: The company’s shares are scheduled to commence trading on the Catalist board of the Singapore Exchange at 9:00 a.m. on 3 December 2025, subject to meeting all listing requirements.
Detailed Breakdown of Placement Results
The placement was structured to offer 35,100,000 new shares at S\$0.39 each, and applications were received in full for the entire offering size. The distribution of shares among investors was as follows:
| Range of New Shares Allotted |
Number of Placees |
| 1 to 9,999 |
84 |
| 10,000 to 49,999 |
53 |
| 50,000 to 99,999 |
22 |
| 100,000 to 499,999 |
61 |
| 500,000 to 999,999 |
8 |
| 1,000,000 and above |
5 |
This wide spread of placees, including both small and large investors, demonstrates broad-based support for the company.
Major Share Allotments – Price Sensitive Information
Significantly, four institutional investors each received allocations representing 5% or more of the total new shares placed:
- Ascend Open Master Fund VCC: 5,100,000 shares (allotted under the placement, registered in the name of a nominee)
- Rockstead Assets Management VCC: 3,000,000 shares (allotted under the placement, registered in the name of a nominee)
- Ginko-AGT Global Growth Fund: 2,600,000 shares (allotted under the placement, registered in the name of a nominee)
- Asdew Acquisitions Pte Ltd: 2,500,000 shares
The involvement of these substantial investors signals institutional confidence in Infinity Development Holdings and may be viewed as a positive indicator for the company’s future share performance.
Regulatory Compliance and Transparency
The Sponsor and Issue Manager, Xandar Capital Pte. Ltd., and the Placement Agent, KGI Securities (Singapore) Pte. Ltd., have confirmed that no persons or institutions prohibited by Rule 424 and Rule 428 of the Catalist Rules were allotted shares in this placement. Should any such allocation be discovered, an immediate announcement will be made before trading begins.
Commencement of Trading and Shareholder Actions
Trading of the new shares will commence on a “ready” basis at 9:00 a.m. on 3 December 2025. Investors who applied for shares can check their allotment status by contacting The Central Depository (Pte) Limited (CDP) at (65) 6535 7511 using their T-PIN.
Additional Notes for Shareholders
- The company’s board expressed gratitude to all applicants and stakeholders involved in the successful listing process.
- The announcement emphasizes that the information provided does not constitute an offer or solicitation to subscribe for the new shares.
Potential Price Sensitive Information
The full subscription of the placement, strong institutional participation, and the imminent listing on the Catalist board are all material events that could influence investor sentiment and potentially move the share price upon debut. Investors should closely monitor trading activity and official announcements for further updates.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Investors should conduct their own due diligence or consult their professional advisors before making investment decisions. The information herein is based on official company announcements and has not been independently verified.
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