 | |
 | Welcome to the website of the Easpol. It has been our mission to satisfy the shipping needs of our clients for over many years. We take pride in providing a professional and award-winning portfolio of services that are reliable, time-sensitive, cost-conscious and tailored to he unique requirements of each individual customer. |
| China's Honghua revives planned US$385 mln HK IPOs |
|
|
| 2008-02-24 | |
|
Feb. 18, 2008 (China Knowledge) - Honghua Group, one of the leading oil rig manufacturers in China, restarts the planned US$385 million initial public offering this week, which was delayed last month due to the market turmoil, according to sources. Honghua Group will kick off a marketing roadshow on Tuesday. The company plans to launch 833.36 million new shares, and most of the proceeds will be used for the construction of an offshore drilling rig manufacturing base on China's east coast. Meanwhile, Hong Kong's benchmark Hang Seng Index has surged 11% since it reached the lowest on Jan.22, which will help bolster sentiment and underpin the market. It is expected Honghua Group's listing will set an example for other companies which have been forced to postpone their IPO on the Hong Kong Stock Exchange, although the market has decreased 13% from the beginning of this year. China Railway Construction<601186>, which has won US$2.8 billion contracts in Libya, wants to raise US$1 billion through its IPO. Goodbaby Group, a Chinese baby products producer, also intends to raise US$200 million in a Hong Kong IPO in the second quarter of this year, sources said. |
| < 上一篇 | 下一篇 > |
|---|
