I have a small problem reading the prospectus of Qian Feng Fabric Tech in my office space: A sexy bikini girl on the cover page!
By looking at the public offer size of just 1 million shares out 123 million shares, we know that the job of issue manager is a tough job in this bear market, definitely not as easy as 1, 2, 3 to sell 123 million of shares now.
Qian Feng Fabric Tech Limited is an integrated manufacturer of functional knitted fabrics, and to no surprise, from China again.
The offer price is 20 cents and the application will close on 25 August 2008. For information, the recently listed Zhongguo Pengjie Fabrics Limited is IPO at 23 cents and closed at 17 cents on 18 August 2008, down 6 cents. This IPO never closed above 23 cents since listing.
Can the Qian Feng Fabric Tech make a difference? I will scrutinize further.
Links:
Prospectus at MAS/OPERA
0 comments
Post a Comment