Wednesday, December 1, 2010

#Flash* Sozo Global launches prospectus, aims to raise RM44.3m via IPO

KUALA LUMPUR: After almost a year of delay, gourmet food specialist Sozo Global Ltd finally launched its prospectus on Wednesday, Dec 1 and aims to raise RM44.3 million from its initial public offering (IPO).

The Shandong-based company which manufactures frozen food products such as duck meat and seafood had initially planned to list early this year but delayed the plans as the market sentiments were then not conducive.

Sozo's IPO involves an issuance of 55.4 million new shares at 80 sen per share. Of the total, 24.5 million are available for the public and 30.9 million to be placed out to selected investors. Concurrent with the IPO, another 19.1 million shares would be offered for sale.

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