Sunday, September 16, 2007

IPO - Singapore stock Fuxing

Closing date of application: 20 September 2007
Commencement of trading: 24 September 2007

Established in 1993, Fuxing is one of the few vertically integrated players in the PRC zipper industry with the ability to manufacture the entire zipper product from mould making for the production of zipper sliders to the manufacture of fabric tape for the zipper chains.

They have a diversified customer base of over 900 customers in the PRC, including:

  • Renowned brands like Anta, Septwolves, CBA Leisu, Fujian Peak, and Northpole China, who use their zippers in their apparel, shoes, and bags products.
  • Trading companies that export their zippers to overseas markets in Europe, Asia, and Australia.
Intended IPO price: $0.46
No. of shares available for public offer: 5m
No. of shares available for placement offer: 170m
Total post invitation share capital: 775m

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