logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT