Please Note:
This profile was automatically generated using 1 reference found on the Internet. This information has been verified by Elton Cane. Learn more...
This profile was automatically generated using 1 reference found on the Internet. This information has been verified by Elton Cane. Learn more...
Web References
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1. Business broker LP Lammas heads for GEM listing this week - FinanceAsia.com
www.financeasia.com/Articles/3 - [Cached]Published on: 11/13/2001 Last Visited: 11/13/2001
By Elton Cane 04 December 2000
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LP Lammas , a business broker and consultancy focused on mid-tier mergers , acquisitions and investments , is listing on Hong Kong's second board in a deal that Chairman and Managing Director Louis Pong claims is more about raising his company's profile than any need for cash.
The share offer will be conducted entirely on a placement basis of 160 million shares at HK$0.20 per share for a total of HK$32 million , ( US$4.1 million ). Lead manager Tai Fook Securities is granted an over-allotment option of up to 16 million additional shares – 10% of the initial offer.
The GEM listing is being sponsored by Tai Fook Capital. Also participating in the underwriting are Celestial Capital , Core Pacific Yamaichi Securities , Kingsway SW Securities and Sun Hung Kai International. Bookbuilding closes on Friday 8 December and the stock will begin trading on GEM on 14 December.
