Kasen share issue

21 November 2005

Kasen International Holdings, China's leading leather products and furniture manufacturer, priced its initial public offering at the bottom end of its indicated range, raising HK$775 million after a tough sell to retail investors, people close to the deal said. The company sold 304 million shares at HK$2.55 per share, the lowest end of an indicative range that had HK$3.15 at the top end. Source: [http://www.thestandard.com.hk] (dated October 18)

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