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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1309)	11/10/2003 4:32:53 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Wumart Stores Seeks Up To HK$475.7 Mln From IPO HONG KONG (Dow Jones)--Beijing-based supermarket operator Wumart Stores Inc. is seeking to raise up to HK$475.7 million in gross proceeds from an initial public offering ahead of a listing on the Hong Kong stock exchange's Growth Enterprise Market. The company is offering 76.5 million H shares priced at between HK$4.92 and HK$6.22 apiece, the company said Monday. The price range represents 19 to 24 times forecast 2003 fully diluted earnings per share. Wumart raised the price range from an initial HK$4.66 to HK$5.96 per share following a strong response from investors, the company said. The international institutional tranche accounts for 90% of the shares on offer, with the remainder being offered to Hong Kong retail investors. sg.biz.yahoo.com