logo
Share SHARE
FONT-SIZE Plus   Neg

Haikui Seafood To Offer Up To 1.5 Mln Shares For EUR 10 - EUR 13/Shr

Chinese group Haikui Seafood AG said it is offering up to 1.50 million shares for its IPO on the Frankfurt Stock Exchange. The shares originate from a capital increase. The public offering in Germany and Luxembourg additionally includes an over-allotment option of up to 225,000 shares from two existing
shareholders. The price range for the shares is between 10.00 euros and 13.00 euros.

The offer volume would lead to maximum proceeds of 22.4 million euros, of which a maximum of 19.5 millions euros would relate to the sale of new shares.

Also, the company would use the net proceeds from the sale of new shares of nearly 55-75% to support certain investments, especially the partial financing of a new factory near to its current processing facilities on
Dongshan Island in the Southeast of China, Fujian province. Further, around 25-45% of the net proceeds shall be used for general working capital purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision. American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT