
Zhongguo Powerplus is certainly a peer.
The IPO closes on 7 Feb at noon and will start trading on 9 Feb. Its overseas markets include Vietnam, Myanmar, Cambodia and Bangladesh.
It can be compared with
Zhongguo Powerplus Industries Limited [still trading <IPO]
Performance of Initial Public Offerings (IPOs)
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Company Name | ZHONGGUO POWERPLUS IND LIMITED |
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Market | SGX Mainboard |
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Date of Listing | Sep 03 2004 |
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No. of shares Offered (mln) | 89.500 |
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Subscription Level | 19.72 times |
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Par Value | SGD0.03 |
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Offer Price | SGD0.23 |
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Amount Raised (mln) | SGD20.585 |
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1st Day Closing Price | SGD0.215 |
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1st Day Closing Price against Offer Price | Premium/Discount |
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SGD(0.015) |
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(6.52)% |
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Closing Price as at 2007-02-01 | SGD0.190 |
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Closing Price as at 2007-02-01 against Offer Price | Premium/Discount SGD(0.040) (17.391) % |
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Lead Manager | HL Bank |
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Company Profile | |
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Date of Incorporation | 10/03/2002 |
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Place of Incorporation | Singapore |
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Type of business | Zhongguo Powerplus is principally engaged in the design, manufacture and sale of hand-held agricultural equipment, specifically, hand-sprayers, mist-dusters and brush-cutters. End-users of its products include garden, farm or plantation owners, landscaping companies, gardens, parks and forestry maintenance companies or entities. |
The share performance depends on China's weather. If it's like last year where there were many typhoons, it'll be bad. However, the weather could improve this year.
The company which makes diesel engines and farming machinery, plans to raise around $21 million in an IPO.. The company plans to sell 62m new shares or 26% of its enlarged share capital at $0.345 a share. SAC Capital is the lead manager for the IPO.