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XinRen Aluminum ipo offering at 0.55 cents

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Andrew 21-Oct-2010 12:21
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Before this IPO, it is worth 13cts NAV. After IPO, it is 19cts.

Dilution is 36cts to new investors !!!

I am wondering when it will make enough money to cover for this 36cts.....

yonghy 21-Oct-2010 12:00
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CPF approved investment, added credit ?

tapildo76 21-Oct-2010 11:49
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Any recommendation if this IPO is worth investing?

ah_seng1001 20-Oct-2010 22:01
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This is another MIDAS in the making ?? :)

teeth53 20-Oct-2010 17:27
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198,000,000 Offering Shares (subject to the Over-allotment Option) Offering Price: S$0.55 per Offering Share
This is the initial public offering of our ordinary shares
(i) an international placement of 186,000,000 Offering Shares (the “Placement”) to investors, including institutional and other investors in Singapore
(ii) a public offer of 12,000,000 Offering Shares in Singapore (the “Public Offer”).

In connection with the Offering, Sunshine International Global Capital Ltd. and Jiacai International Ltd. (the “Vendors”) have granted DBS Bank Ltd., as stabilizing manager (the “Stabilizing Manager”), on behalf of the Joint Global Co-ordinators, Joint Bookrunners, Joint Issue Managers and Joint Underwriters, an over-allotment option (the “Over-allotment Option”)(the “Shares”). XinRen Aluminum Holdings Limited (our “Company”) is offering 198,000,000 new Shares (the “New Shares” or the “Offering Shares”) for subscription and/or purchase to investors at the Offering Price (as defi ned below (the “Offering”). The Offering consists of

teeth53 20-Oct-2010 17:21
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Just sharing info on this new ipo - offering at 0.55 cents

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/05C3355716BAA714482577C1003C0267/$File/Prospectus%20(Clean).pdf

XinRen Aluminum Holdings Limited

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XinRen Aluminum ipo offering at 0.55 cents