Stocks News
- Yangzijiang IPO may raise US$622m
Date: 29-Mar-2007 Sources: (Shenzhen Daily)
YANGZIJING Shipbuilding (Holdings) Ltd., a builder of container ships, and existing shareholders may raise as much as S$943.5 million (US$622 million) in a Singapore initial public offering (IPO).
Yangzijiang Shipbuilding is selling about 993.2 million shares, a 30 percent stake, at S$0.70 to S$0.95 apiece. About two-thirds of the shares on offer are new.
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