Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

Editors Pick
Here is a list of interesting stocks to watch on December 19. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed below and many more have been researched already, and... Shares of OvaScience Inc. (OVAS) have had a strong run in 2014, rising over 370 percent year-to-date. And that's indeed a very impressive return delivered by the fertility treatment company, which suffered a setback last year when it had to suspend a U.S. trial of its flagship fertility treatment due to regulatory concerns raised by the FDA. Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.