Post Reply
1-6 of 6
have to fill in the application form (old method) or apply thru CIMB ATM machine (if u have account with CIMB)...... can someone tell me is there any other easy & fast method? i always apply IPO thru DBS ATM, but no idea why this time cant find it in thier IPO list
Yap.....thinking to do......if my application successful......
Did you apply for this IPO?
Buy and Sell later!
dennisb ( Date: 13-Jan-2011 19:07) Posted:
|
In Fujian it is actually a very new player in retail.
any opinion, comment etc.....for this IPO?
Zhongmin Baihui Retail offers 30m shares at 30 cts/shr for IPO
Zhongmin Baihui Retail Group Ltd is offering 30 million new shares at 30 cents each for its initial public offer (IPO) on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST).
The shares are offered by way of placement and will raise $9 million in gross proceeds.
The new shares to be issued represent approximately 15.3% of Zhongmin Baihui's enlarged issued share capital after the IPO.
Zhongmin Baihui has an established presence in Fujian Province, as its sole self-owned and operate department store is located there. The department store, with a total built-in area of 28,746 sqm, is strategically located in Xiamen City's commercial centre and is one of the largest underground retail malls in Fujian Province.
The group also manages six other department stores - which have a combined 59,638 sqm - in Quanzhou and Zhangzhou Cities in Fujian Province.
It plans to use the money from the IPO to open more department stores in Fujian Province. set up a logistics centre for merchandise storage and delivery purposes, as well as for general working capital requirements.
By 2016, it plans to achieve at least a total of 300,000 sqm in combined built-in area for all its department stores.
Zhongmin Baihui's share offering will close at 12 noon on 19 January 2010. Trading of the shares is expected to start on 20 January 2010.
CIMB Bank Berhad, Singapore Branch is the Company's Sponsor while CIMB Securities (Singapore) Pte Ltd is the Placement Agent for this IPO.