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Epure Tnt'l IPO (a water recycle stock)

same sentiments, one kind of an IPO that I'm willing to dump more $$ into...good luck guys...

 

This IPO is worth watching out for.



Epure International, a Singapore company that provides water and wastewater treatment solutions in China, said it has launched its IPO of 100m new shares at $0.65. The IPO comprises a retail tranche of 1.5m shares and a placement tranche of 98.5m shares.



Net proceeds from the IPO, estimated at $58m, will be used to finance large-scale turnkey projects, R&D activities, debt repayment and expansion of its sales and marketing network, the company said.



The IPO, which is being handled by underwriter Stirling Coleman and sub-underwriter UOB Kay Hian, closes on Oct 4. Trading of its shares is expected to begin on Oct 6.



Epure's net profit has steadily increased from RMB37.64m in 2003 to RMB47.20m in 2004 and to RMB79.89m in 2005. In the first quarter of this year, its net profit rose to RMB15.39m from RMB12.88m a year earlier.

 

Watch watch, prepare some cash and do visit ATM again if any one don get any shares available, very soon. Akan Datang... going to be very interest and alot stong to tell liao.....got IFC (World bank) subsi.. with 13.4 % interest behind to back this horse to race ahead.(^_^)

 

Heard this one is going to be another hot stock, watch watch, prepare some cash and do visit ATM again if any one don get any shares available, isit truth?? and i tink tink itis...wishes all good luck yahh....

 

Akan datang!!! one thing i am very sure. I'll humtam big big on this water stock. 

Behind me got (world bank) a big big mountian fully supporting this ipo stock.

(S^_^S)..., Coming on d road liao..............PX .....????? :))

 

 

Epure ipo seem to have it luck going... as water stocks like Hyflux and the rest of d water stocks all for heading north. hyflux pe ratio should be leading the way and should be touching 26x liao.

 

Me oso await.......px to be announce and/or to be fix later, so far no news yet. Akan datang!!! one thing i am very sure is i will humtam big big on this water stock. Behind me got (world bank) a big big mountian fully supporting this ipo stock.

 

when is the IPO period? when it start trading?

 

This day the more i think of Epure the more i want to humtam bigger!!!

 

A quick comparsion of Pe ratio. Hyflux 24.5x,  Asia-Envr 14.8x, Bio-Treat 16.7, asia-water 12.2x,  sinomem 14.5x, Dayen 15.9 last but not the least Uni envtech 15x and what pe is for epure?. await.. patiencely.

 

It plans to raise up to $70 m. FY05 net profit grew at a 112.5% CAGR between 2003 and 2005 to RMB79.9m, as revenue grew at a 38% CAGR rate to RMB380m in the same period.

 

(EVEN) Int'l Finance Corp (IFC), the private sector investment arm of the World Bank is a big supporter.
IFC has a pre-IPO stake of 13.4 per cent. 'Post-listing, IFC will retain a substantial shareholding,' said Epure.
Just wondering what will be d ipo px & who r d other big boys vesting ?. Just get prepare some ready cash ready for this big $$$ making events.

 

Akan DaTang (S^_^S)..., Coming on d road liao..............PX .....????? :))

 

 

Published Aug 26, 2006 (FYI: Another hyflux in making)

US$10m IFC boost for Epure ahead of its listing here By CHEW XIANG

EPURE International, a water-treatment specialist in China which is planning a Singapore mainboard listing, has received a US$10 million investment from Int'l Finance Corp (IFC), the private sector investment arm of the World Bank.



The preliminary prospectus lodged with the Monetary Authority of Singapore (MAS) yesterday shows IFC has a pre-IPO stake of 13.4 per cent. 'Post-listing, IFC will retain a substantial shareholding,' said Epure.

Francisco Tourreilles, director of IFC's infrastructure dept, said: 'IFC's investment in Epure will support the development of China's water and wastewater sector and will contribute to public health and environmental improvements for the country's population.'

Epure chairman Wen Yibo said: 'IFC's investment is a strong endorsement and testament to the high standards of water and wastewater treatment technologies that we currently possess. It is also a major recognition of our high standards of quality and commitment to environmental protection.'

Earlier this year, S'pore's water-treatment group Hyflux also announced an IFC investment of up to US$20 mil in SinoSpring, a Hyflux joint-venture Coy that undertakes projects in China.

Reflecting the increased water-treatment activity in China, Epure's revenue hit 380 million yuan (S$75 million) in FY2005, a compound annual growth rate of 38 % from FY2003's 199 million yuan. This resulted in net profit growing from 37.6 million yuan to 79.9 million yuan over this period. Epure said the group is backed by a 10-year track record.

First-quarter results for the current financial year showed a 15.4 million yuan net profit on revenue of 90.3 million yuan. As at March 31, Epure's order book stood at 456.7 million yuan, with 366.7 million yuan expected to be recognised this financial year.

As a result of rapid growth, Mr Wen said, the company felt the time was right to tap capital markets to fund further expansion. 'Singapore is an ideal place for us to list the company as investors here are familiar with water and wastewater treatment companies.'

Water stocks listed in Singapore include Bio-Treat, Asia Environment, Asia Water, Hyflux and Sinomem, all having interests in China. Locally listed Boustead Singapore's wholly owned subsidiary Salcon is also one of Asia's leading wastewater engineering players, having already completed more than 60 projects in China.

Hi jessie. Have a nice reading and decide for ur self ( Me all for subscribe on the word GO..yahoo...memm....$$$, if kena again.