Kasen share issue
Published: 21 November, 2005
Kasen International Holdings, China's leading leather products and furniture manufacturer, priced its initial public offering at the bottom end of its indicated range, raising HK$775 million after a tough sell to retail investors, people close to the deal said.
The company sold 304 million shares at HK$2.55 per share, the lowest end of an indicative range that had HK$3.15 at the top end.
Source: [http://www.thestandard.com.hk] (dated October 18)
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