IPO   

China New Town Developmentat $0.83

Thanks Teeth~!!!

 

Hi Zhenxian, From: Kim Eng Sec....

 

Hi Teeth53, where do you get the charts below? Thanks~! i am currently using DBS vickers to invest.

 

Last Trades Volume Bid Volume Mid Ask Volume 0.750 17 363,000 363,000 0 0 0.755 211 7,119,000 5,220,000 0 1,899,000 0.758 1 1,591,000 0 1,591,000 0 0.760 316 12,751,000 9,655,000 0 3,096,000 0.761 1 793,000 0 793,000 0 0.764 1 60,000 0 60,000 0 0.765 408 20,015,000 11,751,000 0 8,264,000 0.767 1 1,478,000 0 1,478,000 0 0.770 336 31,361,000 20,481,000 988,000 9,892,000 0.775 299 20,990,000 5,790,000 0 15,200,000 0.780 270 15,050,000 6,297,000 1,738,000 7,015,000 0.781 1 40,000 0 40,000 0 0.785 165 7,613,000 2,747,000 0 4,866,000 0.790 76 5,029,000 1,695,000 0 3,334,000 0.795 64 3,646,000 2,360,000 0 1,286,000 0.800 65 24,084,000 6,690,000 16,213,000 1,181,000 0.805 187 6,322,000 3,184,000 2,000 3,136,000 0.810 71 3,530,000 1,764,000 0 1,766,000 0.811 1 132,000 0 132,000 0 0.815 27 1,021,000 397,000 0 624,000 0.820 33 1,656,000 313,000 0 1,343,000 0.825 4 115,000 115,000 0 0 0.830 46 25,092,000 16,672,000 8,420,000 0 0.835 128 6,439,000 2,199,000 0 4,240,000 0.837 1 100,000 0 100,000 0 0.840 48 1,604,000 634,000 220,000 750,000 0.841 1 800,000 0 800,000 0 0.845 70 3,289,000 1,264,000 0 2,025,000 0.850 5 80,000 0 0 80,000 TOTAL 2,854 202,163,000 99,591,000 32,575,000 69,997,000

 

Trade Summary:

<>  D4N (ChinaNTown)     SGX           Last retrieved on Wednesday, 14 Nov 2007 at 08:04:23 PM     Weighted Avg Price: 0.7886 Last Done Price: 0.800  Spread/Price Ratio: 0.0000 Avg Trade Size: 70,834.968 < /> Last Trades Volume Bid Volume Mid Ask Volume 0.750 17 363,000 363,000 0 0 0.755 211 7,119,000 5,220,000 0 1,899,000 0.758 1 1,591,000 0 1,591,000 0 0.760 316 12,751,000 9,655,000 0 3,096,000 0.761 1 793,000 0 793,000 0 0.764 1 60,000 0 60,000 0 0.765 408 20,015,000 11,751,000 0 8,264,000 0.767 1 1,478,000 0 1,478,000 0 0.770 336 31,361,000 20,481,000 988,000 9,892,000 0.775 299 20,990,000 5,790,000 0 15,200,000 0.780 270 15,050,000 6,297,000 1,738,000 7,015,000 0.781 1 40,000 0 40,000 0 0.785 165 7,613,000 2,747,000 0 4,866,000 0.790 76 5,029,000 1,695,000 0 3,334,000 0.795 64 3,646,000 2,360,000 0 1,286,000 0.800 65 24,084,000 6,690,000 16,213,000 1,181,000 0.805 187 6,322,000 3,184,000 2,000 3,136,000 0.810 71 3,530,000 1,764,000 0 1,766,000 0.811 1 132,000 0 132,000 0 0.815 27 1,021,000 397,000 0 624,000 0.820 33 1,656,000 313,000 0 1,343,000 0.825 4 115,000 115,000 0 0 0.830 46 25,092,000 16,672,000 8,420,000 0 0.835 128 6,439,000 2,199,000 0 4,240,000 0.837 1 100,000 0 100,000 0 0.840 48 1,604,000 634,000 220,000 750,000 0.841 1 800,000 0 800,000 0 0.845 70 3,289,000 1,264,000 0 2,025,000 0.850 5 80,000 0 0 80,000 TOTAL 2,854 202,163,000 99,591,000 32,575,000 69,997,000

 

Received news from my remiser to pass this IPO due to poor mkt sentiments. Closed lower. Down by -3.61%

 

Time	Last	Volume	Bid/Ask
17:05:02	0.800	16,213,000	X
16:59:57	0.775	219,000	B
16:59:55	0.775	291,000	A
16:59:51	0.770	8,000	B
16:59:51	0.775	100,000	A
16:59:51	0.775	5,000	A
16:59:49	0.775	250,000	A
16:59:46	0.775	50,000	A
16:59:45	0.770	100,000	B
16:59:44	0.770	300,000	B
16:59:42	0.775	500,000	A
16:59:41	0.775	400,000	A
16:59:38	0.770	1,000	B
16:59:35	0.775	200,000	A
16:59:32	0.770	3,000,000	B
16:59:18	0.775	378,000	B
16:59:17	0.775	28,000	B
16:59:13	0.775	50,000	B
16:59:13	0.775	10,000	B
16:59:10	0.775	1,334,000	A

14:00:14	0.770	200,000	A
13:59:01	0.770	988,000	X
12:29:58	0.770	4,000	B
12:29:47	0.767	1,478,000	X

Time	Last	Volume	Bid/Ask
09:00:16	0.845	10,000	A
09:00:10	0.845	10,000	A
09:00:08	0.840	54,000	A
09:00:08	0.840	2,000	A
09:00:08	0.840	100,000	A
09:00:05	0.840	10,000	A
09:00:04	0.835	60,000	B
09:00:03	0.835	50,000	B
09:00:02	0.835	6,000	B
09:00:01	0.840	20,000	A
09:00:01	0.835	63,000	B
09:00:00	0.835	156,000	A
09:00:00	0.835	5,000	A
08:59:02	0.830	8,220,000	X

 

seem like teeth know what is going on ;-)

 

Buy back now at S$0.775 !!!!

 

Short this IPO, a submarine class !!!!

 

Look like mkt real is bad, realy mkt poor sentiments just for today regional index is sold down.  

 

Mkt poor sentiments, think got small premuim kopi $$$, me will pass this ipo and watch oni.

 

any further comments on whether we should subsribe ?  :)

any kopi $$$ :)

 

 

The 400m shares on offer value the mainboard aspirant at $1.16bn, making it one of the largest China-focused companies to be listed on the SGX. The offer comprises 323.35m new shares - from which the company is aiming to raise net proceeds of about $256m - and 76.65m existing shares from vendor Forum Asian Realty Income II LP. Of the shares offered, 388m will be for placement while the remaining 12m are for public subscription. There is also an over allotment option for 56.7m shares, CNTD said.

The $256m estimated net proceeds for the company will be higher at $301.6m if the over-allotment option is exercised in full. The bulk of the proceeds will be used to develop 2 township projects, with $115m each set aside for Wuxi Hongshan New Town and Shenyang Lixiang New Town. The company has one more township project - Luodian New Town. CNTD is part of HK-listed Shanghai Real Estate (SRE Group), which has a market cap of about US$1bn.

 

China New Town Development, a unit of HK-listed Shanghai Real Estate, has has priced its $332 million IPO at $0.83 a share, near the top end of an indicative range, a source close to the deal said on Mon.

The company is selling 400 million shares, the source said. It had set an indicated range of $0.68-$0.88 in a deal handled by Citigroup, sources said.

A source close to the deal told Reuters that book was 20x covered. The retail offer would start on Mon and close on Nov 12.

The company plans to raise funds for property development projects in Chinese towns.

Its subsidiary has been developing the Shanghai Luodian New Town Project since '02, which is expected to be completed by the end of this year. The project is part of Shanghai's "One City Nine Towns" plan, which aims to create nine experimental new towns just outside China's biggest commercial centre.