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IPO price is $0.23. The Sesdaq-bound company will be selling 12.8m shares, representing 10% of its post-IPO share capital, at $0.23 each to its strategic investor CEI Contract Manufacturing Ltd. Mainboard-listed CEI is an industrial equipment maker.
Kinergy will raise net proceeds - including those from the subscription by CEI - of about $5.7m. Part of the money will go towards increasing its overseas manufacturing capabilities. The offer will close at noon on 13 Feb, and trading is expected to begin on 15 Feb.
Kinergy is in the business of equipment making, they desing and develop machines for semicon and electronic industryies.
Kinergy is in the business of equipment making, they desing and develop machines for semicon and electronic industryies.
Hi, anyone there can explain what kind of business this company is in?
hope to have big Ang Bao.
i thk <30cts is worth a stag ???? hee...
LAUNCHED IPO 20.2 M
PRIVATE PLACED OUT 19M
PUBLIC SUBSCRIPTION ONLY ONLY ONLY 1.2M
IS it worth buying Kinergy (new IPO).........pls comment