Friday, June 22, 2018
Martin Hennecke

Sisram Medical priced at bottom end
Sisram Medical, a spin-off of Fosun International (0656) priced its shares at HK$8.88, the lower limit of the offer price from HK$8.88 to HK$12.35.

Fosun said in a stock exchange filing that the market capitalization of Sisram Medical is expected to be HK$3.91 billion. And Fosun International as well as Shanghai Fosun Pharmaceutical (Group) (2196) will hold a 52.96 percent stake of Sisram Medical.

Trading is expected on September 19.

Singaporean food and beverage importer Cool Link (Holdings) started bookbuilding yesterday, pricing its shares between 45 HK cents and 55 HK cents.

The company will issue 150 million shares. Minimum investment is HK$2,777.71 for a board lot of 5,000 shares. Trading is expected to start on September 22.

About 48.9 percent of net proceeds will be used for expanding the capacity of its current warehouse premises, and 29 percent of new proceeds will be used for expanding into new product lines and the processing and manufacture of new products. Around 16.5 percent of the is for expansion of operations into other markets, and the remainder is for general working capital.

Shares of Singaporean buildings and construction contractor BHCC Holding (1552) closed 40 percent higher than the offer price on debut yesterday. About 3.8 million shares traded on the day, with a total volume of HK$3.09 million.

Chairman Yang Xinping of BHCC said going public will help to make the capital of the company more flexible, which could be a driving force to enlarge the market share of the firm in the local construction market.

Previous news : Markets laid low as trade war erupts


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