The initial public offering (IPO) launch saw 123m invitation shares at $0.20 each being offered, consisting of 101m new shares and 22m vendor shares.
At a time when most IPOs have fallen below their offer price upon debut, Kencana Agri (KA) has bucked the trend to close with a 16.4% gain at $0.355 on its first day of trading (July 25). KA was listed at $0.305 each.
As part of its plans to speed up its growth and gain market visibility, China Fibretech (CF) launched an initial public offering (IPO) to net proceeds of $16.3m.
After all, the manufacturer of marine sterngear equipment recently shrugged off all volatilities surrounding the local bourse to become the first to successfully list on SGX Catalist, marking a new chapter of growth for the company.
In the first 9 months of FY07, CW registered revenue of HK$867.7m, up from HK$695.1m previously, and a net profit of HK$64.7m, up from HK$29.6m previously.
CT said the bulk of the proceeds ($38.2m) will be used to acquire multi-track electronic tubular knitting machines, new face finishing and processing equipment to make peach finish fabrics, and computerised jacquard knitting machines.
Anyone can take machines for granted, anyone but the management of HISAKA Holdings. With the same level of finesse and precision employed in producing its products, HISAKA has channeled these same traits and stemmed its name onto the Singapore Exchange on 8 May.
As testament to the good quality of its products, CZ won the “Top 500 Asia Valuable Brand Award” by the Supervision and Management Centre of Asia International Brand Certification. It was also conferred China Leather Industry Association’s “2006 Top 12 Bag Brands in China”.
The Chinese economy has continued to expand at a blistering pace. Latest first quarter economic growth came in at 10.6% in spite of the slowdown in the US. China is expected to weather the subprime storm as the government has taken steps to divert exports to other countries apart from America.
Recently, a newspaper reported about men and women being fascinated with metal accessories. It showed that more people purchase these accessories to showcase their very own style and are not afraid to flaunt them.
