SINGAPORE, July 4 (Reuters) - Shares in Singapore healthcare firm Healthway Medical Corporation opened 33 percent below their initial public offering (IPO) price of S$0.36 at the start of trade in Singapore on Friday.
By 0101 GMT, the stock was trading at S$0.26, or 28 percent below its IPO price.
The firm, which raised S$48.8 million ($35.8 million), plans to use the proceeds to repay loans and fund its overseas expansion.
PrimePartners Corporate Finance was the underwriter, issue and placement manager for the offer -- the first on Singapore's Catalist board for smaller, fast-growing firms.
(Reporting by Charmian Kok; editing by Kevin Lim) ((charmian.kok@thomsonreuters.com; Reuters Messaging; charmian.kok.reuters.com@reuters.net; +65 6403 5667)) ($1=1.362 Singapore Dollar)
Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts
Friday, July 4, 2008
Sunday, June 8, 2008
IPIT发售价定在1元
在本地公开发股上市的Indiabulls房地产投资信托(IPIT)，决定将其发售价定在每股1元。
Indiabulls房地产投资信托昨天较早时也发表文告指出，已同其包销商德意志银行(Deutsche Bank)和美林(Merrill Lynch)达成协议，德意志银行和美林可在公开售股活动结束后，以每股1元至1.10元的价格，分别向IPIT购买1亿2468万股普通股。信托经理和包销商会在公开售股活动结束后，才决定最终的价格。
Indiabulls房地产投资信托通过公开发股上市，发售2亿6248万股新股，在售股活动结束前，只表示发售价的范围介于每股1.00元至1.10元，并将在主板挂牌。
公开售股原本在前天结束，后来展延一天，到昨天傍晚5时截止。
IPIT是印度办公楼面信托基金，让投资者参与蓬勃发展的印度经济以及其快速增长的服务业，把握投资于印度孟买市场的机会。
根据彭博社报道，Indiabulls在一封给投资者的电邮中，指出全世界第四大富豪米塔尔(Lakshmi Mittal)已同意购买其9100万股。
据莱坊(Knight Frank)的市场研究报告，孟买的租金在过去两年已增加了一倍。Indiabulls也表示，孟买有大约3％的办公楼目前是空置的。
Source
Indiabulls房地产投资信托昨天较早时也发表文告指出，已同其包销商德意志银行(Deutsche Bank)和美林(Merrill Lynch)达成协议，德意志银行和美林可在公开售股活动结束后，以每股1元至1.10元的价格，分别向IPIT购买1亿2468万股普通股。信托经理和包销商会在公开售股活动结束后，才决定最终的价格。
Indiabulls房地产投资信托通过公开发股上市，发售2亿6248万股新股，在售股活动结束前，只表示发售价的范围介于每股1.00元至1.10元，并将在主板挂牌。
公开售股原本在前天结束，后来展延一天，到昨天傍晚5时截止。
IPIT是印度办公楼面信托基金，让投资者参与蓬勃发展的印度经济以及其快速增长的服务业，把握投资于印度孟买市场的机会。
根据彭博社报道，Indiabulls在一封给投资者的电邮中，指出全世界第四大富豪米塔尔(Lakshmi Mittal)已同意购买其9100万股。
据莱坊(Knight Frank)的市场研究报告，孟买的租金在过去两年已增加了一倍。Indiabulls也表示，孟买有大约3％的办公楼目前是空置的。
Source
中华建筑选择到我国挂牌 集团执行主席：现在上市可考验公司实力
尽管股市近期的表现不稳定、走势也不明朗，中华建筑(Sino Construction)却选择在这个时候上市。集团执行主席兼总裁赵传文信心满满地表示：“现在上市能够考验公司的实力。再说，有好的企业加入，市场才会有更好的表现。我们对海指接下来的走势有信心！”
每股售价39分
中华建筑于本地首次公开售股，将以每股39分发售1亿5269万8000股。其中，639万8000股为献售股，另外1亿4630万股为配售股。根据截至去年底的6.67分每股净利，此发售价的本益比约为5.85倍。
赵传文相信通过在新加坡上市，集团未来将有更好的发展。换作到中国申请上市，可能需要等上两三年的时间。若要到香港上市，公司的规模又不够大。因此对于身为中小型企业的中华建筑来说，新加坡这个市场最适合不过。再说，许多大庆公司如嵘燊集团、瑞日集团等都已选择到本地上市。
成立于1998年的中华建筑是黑龙江省大庆市领先的建筑与土木工程公司。在中国，它是C2级注册主要承包商，可以承接数额达人民币5亿元的合约。其客户有房地产业及基础设施的发展商，以及与政府相关的机构。
集团所完成的一些具标志性意义的项目，包括大庆市市民政务服务中心、大庆市时代广场会议中心、中国工商银行大庆分行办公楼等。赵传文表示：“基于我们的声誉，及具标志性意义公共与商业项目的业绩记录，集团有信心能够自大庆市的城市化与工业化所带来的建筑活动需求增长获益。”
赵传文透露，集团于去年12月受邀竞标大庆机场的建设与大庆火车站的迁移。两个项目都预计于今年开展。集团接下来将继续竞标大型、具标志性意义的项目。
截至今年4月1日，集团的订单总额达11亿7510万元(人民币，下同)，将为今明两财年的业绩带来贡献。集团在05财年至07财年的营收与净利复合年增长率(CAGR)分别为45.6％及58.5％，07财年所取得的营收与净利则分别为11亿5940万元及1亿6850万元。
赵传文指出：“我们完善的供应链让集团能够有效地控制成本、获得优质的材料，并为客户提供合理的价格。这也促使集团能够交出优质的项目、与客户建立良好关系，并且从来未有任何完成的项目不符合客户标准。”
公开认购时间将于本月10日中午12时截止，股票交易预计于本月12日开始。所筹集的约3560万元(新元，下同)资金中，约1750万元将用来设立水泥搅拌站及添购辅助配备，约1000万元用来收购建筑机械及设备，其余作为一般营运资本。水泥搅拌站预计于今年底前开始营运，一年的混凝土产量约为100万立方米。
长远来看，集团预计拓展海外市场、将业务多样化，并在全世界打响名堂。集团也不排除收购、成立合资企业等发展的可能。
Source
每股售价39分
中华建筑于本地首次公开售股，将以每股39分发售1亿5269万8000股。其中，639万8000股为献售股，另外1亿4630万股为配售股。根据截至去年底的6.67分每股净利，此发售价的本益比约为5.85倍。
赵传文相信通过在新加坡上市，集团未来将有更好的发展。换作到中国申请上市，可能需要等上两三年的时间。若要到香港上市，公司的规模又不够大。因此对于身为中小型企业的中华建筑来说，新加坡这个市场最适合不过。再说，许多大庆公司如嵘燊集团、瑞日集团等都已选择到本地上市。
成立于1998年的中华建筑是黑龙江省大庆市领先的建筑与土木工程公司。在中国，它是C2级注册主要承包商，可以承接数额达人民币5亿元的合约。其客户有房地产业及基础设施的发展商，以及与政府相关的机构。
集团所完成的一些具标志性意义的项目，包括大庆市市民政务服务中心、大庆市时代广场会议中心、中国工商银行大庆分行办公楼等。赵传文表示：“基于我们的声誉，及具标志性意义公共与商业项目的业绩记录，集团有信心能够自大庆市的城市化与工业化所带来的建筑活动需求增长获益。”
赵传文透露，集团于去年12月受邀竞标大庆机场的建设与大庆火车站的迁移。两个项目都预计于今年开展。集团接下来将继续竞标大型、具标志性意义的项目。
截至今年4月1日，集团的订单总额达11亿7510万元(人民币，下同)，将为今明两财年的业绩带来贡献。集团在05财年至07财年的营收与净利复合年增长率(CAGR)分别为45.6％及58.5％，07财年所取得的营收与净利则分别为11亿5940万元及1亿6850万元。
赵传文指出：“我们完善的供应链让集团能够有效地控制成本、获得优质的材料，并为客户提供合理的价格。这也促使集团能够交出优质的项目、与客户建立良好关系，并且从来未有任何完成的项目不符合客户标准。”
公开认购时间将于本月10日中午12时截止，股票交易预计于本月12日开始。所筹集的约3560万元(新元，下同)资金中，约1750万元将用来设立水泥搅拌站及添购辅助配备，约1000万元用来收购建筑机械及设备，其余作为一般营运资本。水泥搅拌站预计于今年底前开始营运，一年的混凝土产量约为100万立方米。
长远来看，集团预计拓展海外市场、将业务多样化，并在全世界打响名堂。集团也不排除收购、成立合资企业等发展的可能。
Source
Thursday, June 5, 2008
Sino Construction launches IPO to raise $35.6m
BUILDING construction and civil engineering company Sino Construction yesterday launched an initial public offering of 152,698,000 invitation shares at 39 cents each for a Singapore Exchange mainboard listing.
'The past few years have seen rapid development in Daqing, with urbanisation driving demand.' - Mr Zhao
The issue consists of 100 million new shares and about 52.7 million vendor shares.
The company, based in Daqing - China's largest petroleum production base - plans to raise net proceeds of about $35.6 million. It plans to spend $17.5 million setting up a concrete mixing plant and buying related equipment. The plant is expected to be operating by year-end. A further $10 million of the IPO proceeds will be spent on construction machinery. The balance will be used as working capital.
The IPO consists of 6,398,000 public-offer shares and 146,300,000 placement shares. All placement shares have been fully subscribed. The invitation shares are offered at a price-earnings ratio of 5.85 times based on FY2007 net earnings per share of 6.67 Singapore cents.
The company's revenue increased from 1.1 billion yuan in FY2006 to 1.16 billion yuan in FY2007. Net profit rose 18.4 per cent to 168.5 million yuan (S$33.1 million) for FY2007. As of April 1 this year, the group had a confirmed order book of 1.18 billion yuan.
Sino Construction plans to secure more big jobs with greater contract value to boost its margins and corporate image. For instance, the group has been invited to tender for the Daqing airport and railway station projects. It is also looking at expanding into second-tier Chinese cities and overseas.
Demand for the company's services is expected to be fuelled mainly by rapid urban development in Daqing, the development of an industrial corridor, and government initiatives to attract more foreign investors to Daqing.
Sino Construction's executive chairman and chief executive Zhao Chuan Wen said: 'The past few years have seen rapid development in Daqing, with urbanisation driving demand for commercial and residential projects. The urbanisation phase is still in an early stage, so we feel that there are a lot of opportunities for construction companies like ourselves.'
The public offer closes on June 10 and trading of Sino Construction's shares is expected to start on June 12.
'The past few years have seen rapid development in Daqing, with urbanisation driving demand.' - Mr Zhao
The issue consists of 100 million new shares and about 52.7 million vendor shares.
The company, based in Daqing - China's largest petroleum production base - plans to raise net proceeds of about $35.6 million. It plans to spend $17.5 million setting up a concrete mixing plant and buying related equipment. The plant is expected to be operating by year-end. A further $10 million of the IPO proceeds will be spent on construction machinery. The balance will be used as working capital.
The IPO consists of 6,398,000 public-offer shares and 146,300,000 placement shares. All placement shares have been fully subscribed. The invitation shares are offered at a price-earnings ratio of 5.85 times based on FY2007 net earnings per share of 6.67 Singapore cents.
The company's revenue increased from 1.1 billion yuan in FY2006 to 1.16 billion yuan in FY2007. Net profit rose 18.4 per cent to 168.5 million yuan (S$33.1 million) for FY2007. As of April 1 this year, the group had a confirmed order book of 1.18 billion yuan.
Sino Construction plans to secure more big jobs with greater contract value to boost its margins and corporate image. For instance, the group has been invited to tender for the Daqing airport and railway station projects. It is also looking at expanding into second-tier Chinese cities and overseas.
Demand for the company's services is expected to be fuelled mainly by rapid urban development in Daqing, the development of an industrial corridor, and government initiatives to attract more foreign investors to Daqing.
Sino Construction's executive chairman and chief executive Zhao Chuan Wen said: 'The past few years have seen rapid development in Daqing, with urbanisation driving demand for commercial and residential projects. The urbanisation phase is still in an early stage, so we feel that there are a lot of opportunities for construction companies like ourselves.'
The public offer closes on June 10 and trading of Sino Construction's shares is expected to start on June 12.
Tuesday, June 3, 2008
中国泰山科技私下配股给IPC
中国泰山科技集团（China Taisan Technology）在公开售股的同时，将通过私下配售让IPC企业以727万7000元，或每股24分的价格收购3000万股配售股，相等于中国泰山10.59％的资本市值。
中国泰山是家编织表纤制造商，公司已向新加坡金融管理局提交初步招股书，准备在本地主板股市挂牌交易。
比以中国泰山截至去年底的全年每股盈利计算，这次股票认购的本益是4.68倍。
IPC的董事严名杰已以个人身份，认购了中国泰山公开售卖的1000万股普通股。
Source
中国泰山是家编织表纤制造商，公司已向新加坡金融管理局提交初步招股书，准备在本地主板股市挂牌交易。
比以中国泰山截至去年底的全年每股盈利计算，这次股票认购的本益是4.68倍。
IPC的董事严名杰已以个人身份，认购了中国泰山公开售卖的1000万股普通股。
Source
Saturday, May 31, 2008
China Taisan to raise $49.4 million in IPO
Published May 29, 2008
By LYNETTE KHOO
KNITTED fabric maker China Taisan Technology Group Holdings yesterday launched its initial public offer of 233 million shares at 24 cents apiece.
The 233 million shares comprise 223.2 million new shares and 9.8 million vendor shares. The IPO aims to raise net proceeds of $49.4 million for the company, which it plans to use to acquire new equipment, expand research and development, set up new sales and service centres, fund general expenses and for working capital.
The offer consists of 8 million public-offer shares and 225 million placement shares. The invitation shares represent 25.11 per cent of China Taisan's enlarged share capital and are offered at a historic price-earnings ratio of 4.7 times, based on FY2007 net earnings.
Giving a breakdown, China Taisan said the bulk of the proceeds ($38.2 million) will be used to acquire multi-track electronic tubular knitting machines, new face finishing and processing equipment to make peach finish fabrics, and computerised jacquard knitting machines.
Besides expanding R&D, the company will set up sales and servicing centres in Shanghai, Hong Kong and Xiamen, and boost marketing activity.
Daiwa Securities SMBC Singapore is the manager, underwriter and placement agent for the listing of China Taisan, which is scheduled to start trading on the main board on June 6.
For FY2007, China Taisan reported a 388 per cent year-on-year jump in net profit to 182.69 million yuan (S$35.9 million) from 37.4 million yuan, as revenue rose 265 per cent to 810.87 million yuan from 222.1 million yuan due largely to higher sales of performance fabric.
China Taisan's knitted fabric is used in the manufacture of sports and leisure apparel by international and local sports brands such as Umbro, Nike, Puma, Anta, Kappa, Lotto, Wanjielong, Eland, Adidas, Reebok, FILA, Mizuno, Diadora, Bossini, Giordano, Erima, Li-Ning, Qiaodan, 361°, Septwolves, Lilang and K-boxing.
China Taisan's chief executive Lin Wen Chang pointed to the Beijing Olympics in August, the Guangzhou Asian Games 2010 and Shenzhen World University Games 2011 as opportunities that will raise awareness of sports and fitness apparel and spur demand for it in China.
'Reputable apparel brands have also been rolling out new and innovative products with enhanced functions and characteristics, and we believe that will increase demand for our performance fabrics,' Mr Lin said.
Going forward, the group will focus on performance fabrics, he said. This segment contributed 93.3 per cent of revenue in fiscal 2007 and posted the highest gross profit margin of China Taisan's three business segments at 31.9 per cent for that year.
The acquisition of the equipment is expected to more than double production capacity for Spandex performance fabrics. The company will also expand its product range by introducing new performance fabrics with innovative functions, characteristics and designs.
By LYNETTE KHOO
KNITTED fabric maker China Taisan Technology Group Holdings yesterday launched its initial public offer of 233 million shares at 24 cents apiece.
The 233 million shares comprise 223.2 million new shares and 9.8 million vendor shares. The IPO aims to raise net proceeds of $49.4 million for the company, which it plans to use to acquire new equipment, expand research and development, set up new sales and service centres, fund general expenses and for working capital.
The offer consists of 8 million public-offer shares and 225 million placement shares. The invitation shares represent 25.11 per cent of China Taisan's enlarged share capital and are offered at a historic price-earnings ratio of 4.7 times, based on FY2007 net earnings.
Giving a breakdown, China Taisan said the bulk of the proceeds ($38.2 million) will be used to acquire multi-track electronic tubular knitting machines, new face finishing and processing equipment to make peach finish fabrics, and computerised jacquard knitting machines.
Besides expanding R&D, the company will set up sales and servicing centres in Shanghai, Hong Kong and Xiamen, and boost marketing activity.
Daiwa Securities SMBC Singapore is the manager, underwriter and placement agent for the listing of China Taisan, which is scheduled to start trading on the main board on June 6.
For FY2007, China Taisan reported a 388 per cent year-on-year jump in net profit to 182.69 million yuan (S$35.9 million) from 37.4 million yuan, as revenue rose 265 per cent to 810.87 million yuan from 222.1 million yuan due largely to higher sales of performance fabric.
China Taisan's knitted fabric is used in the manufacture of sports and leisure apparel by international and local sports brands such as Umbro, Nike, Puma, Anta, Kappa, Lotto, Wanjielong, Eland, Adidas, Reebok, FILA, Mizuno, Diadora, Bossini, Giordano, Erima, Li-Ning, Qiaodan, 361°, Septwolves, Lilang and K-boxing.
China Taisan's chief executive Lin Wen Chang pointed to the Beijing Olympics in August, the Guangzhou Asian Games 2010 and Shenzhen World University Games 2011 as opportunities that will raise awareness of sports and fitness apparel and spur demand for it in China.
'Reputable apparel brands have also been rolling out new and innovative products with enhanced functions and characteristics, and we believe that will increase demand for our performance fabrics,' Mr Lin said.
Going forward, the group will focus on performance fabrics, he said. This segment contributed 93.3 per cent of revenue in fiscal 2007 and posted the highest gross profit margin of China Taisan's three business segments at 31.9 per cent for that year.
The acquisition of the equipment is expected to more than double production capacity for Spandex performance fabrics. The company will also expand its product range by introducing new performance fabrics with innovative functions, characteristics and designs.
Saturday, May 3, 2008
HISAKA Holdings Ltd
Machine parts maker Hisaka to raise $15 mln in Singapore IPO
SINGAPORE, April 28 - Singapore-based Hisaka Holdings, which makes machine components for the semiconductor and data storage industries, plans to raise around S$20.7 million in its Singapore listing.
The firm, which has factories in Singapore, Malaysia and China, is offering 90 million shares at S$0.23 each.
Provenance Capital Pte Ltd is the issue manager and UOB Kay Hian is the underwriter and placement agent for Hisaka's initial public offering.
SINGAPORE, April 28 - Singapore-based Hisaka Holdings, which makes machine components for the semiconductor and data storage industries, plans to raise around S$20.7 million in its Singapore listing.
The firm, which has factories in Singapore, Malaysia and China, is offering 90 million shares at S$0.23 each.
Provenance Capital Pte Ltd is the issue manager and UOB Kay Hian is the underwriter and placement agent for Hisaka's initial public offering.
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