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Sunday, March 14, 2010
Far East Global Seeks Up To US$90.4 Million In Hong Kong IPO -Source
By Amy Or, 852 2832 2335, amy.or@dowjones.com
Dow Jones Newswires
Far East Global Group Ltd. is seeking to raise up to US$90.4 million in a Hong Kong initial public offering, a person familiar with the situation said Sunday.
In the base deal, the building facade designer and manufacturer is selling 361.9 million shares in a HK$1.18-HK$1.69 range to raise up to US$78.6 million, the person said. The company has an option to raise the deal size by 15% to raise a maximum US$90.4 million, the person added.
Bookbuilding will start Monday, with listing scheduled on March 30, the person said. BOC International Holdings Ltd. is the sole bookrunner of the deal, the person added.
Copyright © 2009 Dow Jones Newswires
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