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Jiangsu Hengli eyes $517 mln from Shanghai IPO - IFR
The range represented 28.1-31.9 times 2011 earnings, it added.Jiangsu Hengli will offer up to 105 million shares in the IPO.The company will fix a price range for the IPO on Oct. 17. Final pricing is slated for Oct. 20.The company has said proceeds will be invested in its oil cylinder manufacturing operations, and a research and development centre. ($1 = 6.359 yuan)
Jiangsu Hengli eyes $517 mln from Shanghai IPO - IFR
The range represented 28.1-31.9 times 2011 earnings, it added.Jiangsu Hengli will offer up to 105 million shares in the IPO.The company will fix a price range for the IPO on Oct. 17. Final pricing is slated for Oct. 20.The company has said proceeds will be invested in its oil cylinder manufacturing operations, and a research and development centre. ($1 = 6.359 yuan)