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China Sports International @ S$0.80
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rabbitfoot
Veteran |
16-Jul-2007 09:29
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All these China ipos, even apply 100 lots also chances of getting is about 1:20. Get first, then talk later. |
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Pinnacle
Master |
16-Jul-2007 01:23
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Reminder. Closing today. Issue statistics: Offer size: 100.0m new shares Public Tranche ? 3.0m shares Placement Tranche ? 97.0m shares Price: S$0.80 NTA per share (post-IPO): S$0.2664 Historical PE: 12.88x (FY06) Market Cap (post-IPO): S$269.48m Open: 10 Jul 2007 Close: 16 Jul 2007, 12.00noon Trading: 18 Jul 2007 (on ?ready? basis) Lead Manager: Stirling Coleman |
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spiderks
Member |
13-Jul-2007 23:59
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need to ask my china pal if this company's sport product popular in mainland or not...:) YELI......sport shoe is big market in china, but i also see a lot of my china colleague wearing Addida, reebok , nike etc |
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duststorm
Member |
11-Jul-2007 02:08
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only 3000lots avail for public... will be super hot!!! |
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Pinnacle
Master |
10-Jul-2007 10:26
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China Sports International, which makes sports shoes and clothes, plans to raise $74.7 million in net proceeds through its initial price offering (IPO). The China-based firm priced its IPO at 80 cents a share, which is the top end of its 70-80 cents indicative range. It will offer 100 million new shares, representing 29.7 per cent of the enlarged share capital. Three million shares will be issued through public offer, while the remainder will be through private placement. The firm - which will have a market value of $269.5 million - aims to become among the top 10 sporting brands in China over the next two years as it expands into the domestic market, boosted by its new product line of thermal shoes, chief executive officer Lin Shaoxiong said in an interview last week. 'We expect the new product to boost our sales and profits significantly, as the margins are higher,' said Mr Lin in Mandarin
Listing Timetable
9.00 a.m. on 10 July 2007 Opening of Offer
12.00 noon on 16 July 2007 Close of Application List
17 July 2007 Balloting of applications, if necessary (in the event of over-subscription for the Offer Shares)
9.00 a.m. on 18 July 2007 Commence trading on a ?ready? basis
PER
Historical net PER based on the historical net EPS of our Group for FY2006 - 12.88 times
Historical net PER based on the historical net EPS of our Group for FY2006 - 13.07 times
assuming that the Service Agreements (as set out in the section?Service
Agreements? in this Prospectus) had been in place in FY2006
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