IPO
WANXIANG INTERNATIONAL LIMITED
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Shares of Wanxiang International , a China-based manufacturer of flavours and fragrances, started trade at S$0.415 in their Singapore stock market debut on Thursday, 43 percent above their issue price of S$0.29.
The company, which would have a stock market value of S$97 million ($64 million) based on the issue price, said in a statement on Wednesday that the offer was 14.5 times subscribed.
Wanxiang raised about S$19.4 million with the sale of 66.8 million new shares and 25.2 million vendor shares in the IPO, and said proceeds would be use to expand production capacity and refinance debt.
Wanxiang has very nice frag... smell, opening off at 0.415c, very successfully IPO. Vested 1 lot oni adn took some kopi money....
Next Target AVI Tech IPO at 33cents
Results will be out tonite, but not sure of the timing.
results only out tmr
Any luck bros ?
frankly i haven kena IPO yet too. I heard its not the amt of lots u applied tat will decide your fate of getting. I don't think is early bird reason too. Applying thru ATM is the chances really so super slim ?
perservere and dont give up! :)
Thank you all for sharing your thoughts at the forum. I will appreciate it if someone can explain how to go about to apply for IPO placement. I was unlucky in all IPO applications even when my applications were in 100 lots. As there are more share at the placement trench, I believe I will have a better luck there, pls. assist, thks.
Closing on Tues 12 noon, just a gentle reminder, got quite alot of kopi $ for lucky ipo winners.
For Invitation Statistics...See page 34...is 8.06x it PE Ratio.
4.6 mil for public
87.4 mil for placement
Total 92,000,000 shares is on offer
Closing on July 17, 2007 (12 noon-Tues)
Trading expected is on July 19, 2007 (9.00 am)
(See page 21...)
| Underwriter: |
UOB Kay Hian Private Limited |
Registered Date: |
10/07/2007 |
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Issue Manager: |
Mitsubishi UFJ Securities (Singapore), Limited |
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List of Associated Documents |
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| Date |
Document Type |
Document(Click to view/download) |
Document Status |
| 10/07/2007 |
Prospectus |
Wanxiang-Clean@100707.pdf (4743 Kb) |
Registered |
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The China-based manufacturer of natural and synthetic flavours and fragrances is looking to list on the mainboard. The company has launched its IPO of 92m shares (including 66.78m new shares) at $0.29 each.
Wanxiang intends to use its $17m in net proceeds to expand its production capacity as well as to replace its existing equipment.
closing on 17th....any good ?
