Zhongmin Baihui Retail Group says all 30 million new shares were placed out at 30 cents each at its IPO. This represents 15.3% of Zhongmin Baihui’s enlarged issued share capital post-IPO.
The company owns and operates one of the largest underground shopping malls in Xiamen, Fujian province. The company also manages six other department stores in Quanzhou and Zhangzhou cities in the same province.
CIMB starts Foreland Fabrictech (B0I.SG) at Buy with $0.16 target; says “with margins picking up after the recent recession, capacity expansion and producing high-grade products efficiently would be its forward growth drivers,” for Fujian-based fabric maker.
UOB Kay Hian in a Nov 2 research report says: “Based in Fujian Province, China, Yamada Green Resources Limited (Yamada) is a major supplier of self-cultivated shiitake mushrooms.
Yamada Green Resources, the major supplier of self-cultivated shiitake mushrooms and manufacturer and supplier of processed food products in Fujian Province, says its IPO was 4.3 times oversubscribed.
At the close of IPO application at noon on Oct 6, there were 3,455 valid applications representing an aggregate of 449,012,000 offer shares received for the 2,000,000 offer shares available to the public. In addition, 103,000,000 placement shares have been purchased.
The shares will start trading on the Mainboard on Oct 8.
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Liu Yilin has been appointed deputy CEO wef Oct 1
Work experience: Deputy GM, Fujian Jinlun Gaoxian Co Ltd; vice GM, Fujian Hua Wei Chemical Fibre Dyeing Co Ltd
Sinopipe Holdings, the manufacturer of plastic pipes and pipe fittings, announced today that it has, through its 99.1% owned subsidiary, Fujian Aton Advanced Materials Science and Technology won a contract to supply and installation of drainage and sewerage pipes and pipe fittings in Jiamusi, Heilongjiang province,
The Jiamusi project is estimated to be worth RMB300 million ($60 million) in total construction and development fees.
Sinopipe Holdings, the designer and manufacturer of plastic pipes and pipe fittings, announced that, through it’s 99.1% owned subsidiary, Fujian Aton Advanced Materials Science and Technology Co., signed a Build-and-Transfer contract with the municipal government of Mengjin county of Luoyang city in Henan province.
Eratat Lifestyle, the casual fashion footwear and apparel company based in Jinjiang, Fujian province, says it posted a 23.5% fall in net profit after tax to RMB27.1 million ($5.4 million) for the first quarter ending June 30 2010 (1QFY2010) versus RMB35.4 million for 1QFY2009. Revenue fell 8.7% to RMB237.2 million compared from RMB259.7 million.
For the 6 months ended June 30 (1HY2010), total revenue decreased by RMB8.8 million or 2.1% to RMB418.0 million.
At least 69 people have now died after flash flooding struck southern China. Torrential rainfall caused rivers to swell across the southeastern province of Jiangxi and Fujian.
China Eratat Sports Fashion, the fashion footwear and apparel company based in Jinjiang, Fujian province, posted a 23.3% fall in net profit after tax to RMB96.6 million ($19.9 million) for the full year ending March 31 (FY2010) from RMB125.9 million in FY2009.
A pattern of senseless attacks in China’s schools
ALL month schools in China have been on what the state-controlled press calls a “red alert” for possible attacks on pupils by intruders. In one city police have orders to shoot perpetrators on sight. Yet a spate of mass killings and injuries by knife or hammer-wielding assailants has continued. To the government’s consternation, some Chinese have been wondering aloud whether the country’s repressive politics might be at least partly to blame.
In the latest reported incident, on May 12th, seven children were hacked to death at a kindergarten in the city of Hanzhong in the northern province of Shaanxi. Twenty others were injured. It was one of half a dozen such cases at schools across China in less than two months. Three attacks occurred on successive days in late April, when more than 50 children were injured. The deadliest killed eight children in the southern province of Fujian on March 23rd. The killer was executed on April 28th. …
A pattern of senseless attacks in China’s schools
ALL month schools in China have been on what the state-controlled press calls a “red alert” for possible attacks on pupils by intruders. In one city police have orders to shoot perpetrators on sight. Yet a spate of mass killings and injuries by knife or hammer-wielding assailants has continued. To the government’s consternation, some Chinese have been wondering aloud whether the country’s repressive politics might be at least partly to blame.
In the latest reported incident, on May 12th, seven children and two adults were hacked to death at a rural kindergarten in the northern province of Shaanxi. Eleven other children were injured. It was one of half a dozen such cases at schools across China in less than two months. Three attacks occurred on successive days in late April, when more than 50 children were injured. The previous deadliest attack killed eight children in the southern province of Fujian on March 23rd. The killer was executed on April 28th. …
China Environment says wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., has secured another three contracts amounting to RMB76.2 million (corrected: $15.3 million) through its main contractor, Shanxi Province Electric Company Electric Environmental Equipment Main Factory.
China Minzhong Food Corporation, the integrated vegetables processor based in Fujian province in China, says at the close of the public offer on April 13 at 12 noon, 3,859 valid applications were received for the 9,867,000 shares under the public offer.
In total, 102,427,000 shares were applied for with $123 million in application money received.
China Minzhong Food Corp plans to raise up to US$186.6 million ($262.7 million) in an initial public offering of shares in Singapore, according to a term sheet.
The Fujian province-based food processor is offering 197.34 million shares, comprising 61% primary shares and 39% secondary shares, with an indicative price range of $1.07–$1.33 each. Trading is scheduled to start on April 8.
JPMorgan (JPM.N) is handling the deal, the term sheet obtained by Reuters today showed. In October last year, sources said Minzhong, backed by Singapore’s GIC and buyout fund Olympus Capital, had hired JP Morgan for its share offering.
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China Gaoxian Fibre Fabric Holdings, the supplier of premium differentiated fine polyester yarn and Warp Knit Fabric, said fully-owned subsidiary, Fujian New Huawei Fibre Dyeing Co., has used RMB87.2 million ($17.9 million) of its Initial Public Offering (IPO) net proceeds of $78.3 million for the acquisition of 50 knitting machines for the production of Warp Knit Fabric (WKF).
C&G Industrial Holdings says wholly-owned subsidiary — C&G Environmental Protection International Limited (C&G EPIL) — has successfully secured BOT (Built, Operate and Transfer) projects for two new waste-to-energy (WTE) plants in Nanping city and Jianyang city, located in Fujian province, China, for a concessionary period of 30 years.
