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China : Textile company makes initial public offering |
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2006-9-4
China Printing & Dyeing Holding Ltd, engaged in printing & dyeing services for textiles, has launched its initial public offering to raise S $30.6 million on the Singapore Stock Exchange.
The share offering is likely to close at 12 noon on September 5 while trading of the shares on the Singapore Stock Exchange will commence two days later.
China Printing & Dyeing is offering 113.4 million shares, of which 96 million are new shares and 17.4 million are existing.
The $25.92 million proceeds expected from the share sale will be used to increase the company’s production capacity and to expand its sales and distribution network.
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