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LFC Lon.Forfaiting

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Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lon.Forfaiting LSE:LFC London Ordinary Share GB0005287841 ORD 40P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

CORRECT: BBMG To Raise Up To US$763 Million In Hong Kong IPO - Source

13/07/2009 2:03am

Dow Jones News


Lon.Forfaiting (LSE:LFC)
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BBMG Group Corp. plans to raise up to US$763 million from selling 933.33 million shares in an indicative price range of HK$5.18 to HK$6.38 each ahead of a listing in Hong Kong, a person familiar with the situation said Monday.

The Chinese building materials producer plans to sell US$175 million worth of shares in its initial public offering to five cornerstone investors, the person said.

China's sovereign-wealth fund, China Investment Corp., will subscribe to US$35 million worth of shares; China Life Insurance Co. (LFC) and a unit of Bank of China Ltd. (3988.HK) will each subscribe to US$50 million worth of shares; and Kerry Group and Och-Ziff Capital Management LLC (OZM) will each buy US$20 million worth of shares, the person said.

The offering will be the second-largest IPO in the Asia-Pacific region this year if it closes as planned, behind China Zhongwang Holdings Ltd.'s US$1.27 billion share sale in April. It will also be the first to include cornerstone investors since October.

-By Amy Or Dow Jones Newswires; 852-2802-7002; amy.or@dowjones.com

 
 

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