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New Century Ship book making offer at $1.19

UBS and Morgan Stanley are joint lead managers for the deal, while DBS is coordinator 

 

Singapore is not only one of the world’s shipping, trading and ship building hubs and also an agglomeration area of around the globe, so the local capital market that is more familiar with shipbuilding becomes the first choice for New Century Shipbuilding.

statistics released by the China Association of the National Shipbuilding Industry, New Century Shipbuilding separately ranked No. 3 in China and No. 11 in the whole world last year

In particular, another two Jiangsu-located shipbuilders, JES International Holdings Ltd  and Yangzijiang Shipbuilding (Holdings) Ltd., have been listed on the Singapore bourse. With a total market value of USD 3.3 billion.

 

this one must long big big..

 

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/2FFF57144BF66B864825771600173DF0/$File/NC_final.pdf

NC_final.pdf (5973 Kb)

New Century Shipbuilding Limited (NCS). IPO Book making in progress.

560,000,000 Offerings Shares, at $1.19 cents, final pricing for the deal is expected around 5th May.



teeth53 thot - The nearest is Yangzijiang for comparison, its offered price is last set at 0.95cents or about 22x. On it debut, it has about plus +42% in opening and goes to a high of around $2.60, but has recently sold on weakness, closed 3cents down to $1.35 on last Friday closing. 

http://www.remisiers.org/research/Yangzijiang-150410[OP%20CIMB].pdf (updated: 15-04-2010)