BH Global's (SGX:BQN) subsidiary, Sea Forrest International, filed for an initial public offering on the Nasdaq, according to a filing with the Singapore Exchange on Tuesday.
Sea Forrest is engaged in the maritime electrification industry and is not a principal subsidiary of BH Global.
Shares of BH Global surged over 20% in recent trading.
Price (SGD): S$0.14, Change: S$+0.023, Percent Change: +20.35%