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

Quick Facts

Editors Pick
After ending the previous session nearly flat, stocks moved mostly lower over the course of the trading day on Friday. Uncertainty about the outlook for monetary policy weighed on the markets ahead of next week's Federal Reserve meeting. Despite the ceasefire in eastern Ukraine, the U.S. Treasury Department on Friday announced a new round of sanctions against Russia for its role in the conflict. Treasury Secretary Jacob Lew determined that persons operating within Russia's defense and related materiel sector may now be subject to targeted sanctions. Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
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.