The coy offered 137m shares at S$0.38c, comprising 90m (new) and 47m vendor shares. The IPO was 7.1 times over subscribed.

To boost it confidence, As China's tier one business coy, (3rd-largest liquefied petroleum gas (LPG) distributor). It plans to sell new & vendor shares according to its prospectus.

A source close to the deal said yesterday, the coy is looking to sell at least 25% of its enlarged capital, raising as much as S$40 mil or US$25 mil. (While the going is hot).

"For a main board listing Ouhua need to sell a minimum 25%. (Demand is extreme strong), so may increase it offering to around 30%," the source said, adding that the firm would begin road shows ahead of the sales within two weeks.

Ouhua Energy, based in Chaozhou, Guangdong Province, said proceeds from the share sale would be used to expand its sales network and (expand / improve) production facilities.

"Ouhua Energy embarked on a production capacity expansion programme in 2006, to raise annual designed capacity from 600,000 tones to 900,000 tones," the coy said in a statement.

Ouhua Energy earned a net profit of 79.2mil yuan or US$9.9mil in yr-05, according to the prospectus.

In the first five months of year 2006, net profit grew 27.7% to 34.7 mil yuan (US$4.3 million).

Then the force is within U, next week px? needs not worry to much or lose sleep over it. yahh