YHI PRICES IPO SHARES AT 50 CENTS APIECE
(2003-06-25)

YHI PRICES IPO SHARES AT 50 CENTS APIECE

AUTOMOTIVE and industrial products distributor YHI International has launched a $26.7-million initial public offering (IPO) on the Singapore Exchange.

Some eight million new shares priced at 50 cents each have been made available in the public tranche of the offer, in addition to 50 million placement shares.

Most of the proceeds of the share offer will be invested in operations in China, said the firm.

  
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The Straits Times

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