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IPO - 60 cents
What CNOUHUA DO?
China Ouhua Winery Holdings Limited, an investment holding company, engages in the production and distribution of red and white wines. It offers approximately 87 varieties of wine under its local Fazenda Ohua Wine label and 60 varieties under international wine labels, including Prinator, Stourier, Mondeke Castle, Mecod Valley, Reinnadberg, Bullock Vineyard, Avillar, Kass Valley, Aiblleon Vineyard, and Chateau Gaussnar. China Ouhua Winery Holdings directly sells its wine to retail intermediaries, such as hypermarkets, retail outlets, and third party specialty stores; and food and beverage establishments comprising restaurants, hotels, and entertainment outlets, as well as distributes wine ...
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CURRENT PRICE: 0.54
IPO DETAILS:
China Ouhua’s IPO entails a public issue of 132.55 million shares at an IPO price of 60 sen each. Of the 132.55 million shares, 8 million shares will be allocated to the Malaysian public via balloting while the remaining of the 124.55 million shares will be reserved for private placement to identified investors.
The majority of its proceeds are allocated for the expansion of their market presence and distribution network while the remaining will be utilised for enhancing production capacity and range of wines, research and development capabilities, and also improving the quality of and control over materials supplies.