China Trade Information

Chinese fabric maker China Taisan Technology plans to raise S$55.9 million (US$41 million) from its initial public offering in Singapore.

It plans to sell 233 million shares at S$0.24 apiece. Taisan expects net proceeds from the listing to hit S$49.4 million, in which, about S$38.2 million will be used to update equipment, replenish operation capital and fund further expansion.

Daiwa Securities SMBC Singapore is the manager, underwriter as well as placement agent for China Taisan’s Singapore IPO.

The company is a manufacturer of fabrics used for sports and leisure apparel. Its clients include Nike, Adidas, Kappa, etc.

Tags: IPO

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