- Monday 2010-03-08 15:41
Four companies will raise a total of 2.589 billion yuan from their initial public offerings (IPOs) on the ChiNext board after finalizing the listing prices of their IPOs, reports cs.com.cn, citing announcements by these companies.
Shares of the IPOs of these companies will be available for subscription on March 9. The average price earnings ratio (PE ratio) of the four companies exceed 70 times earnings.
East Money Information (300059), operator of a financial website, will raise 1.42 billion yuan after pricing its IPO at 40.58 yuan per share. It will sell 35 million shares in its IPO. The corresponding PE ratio hit 116.93 times earnings.
Suzhou Goldengreen Technologies (300060), which manufactures organic photo-conductor drums, a key part of printers, fax machines and copiers, will issue 20 million shares at 20.8 yuan per share. It will raise 416 million yuan from its IPO.
Shanghai Conant Optics (300061), is a manufacturer of plastic lenses in China. Its product range covers single vision, bifocal, progressive, photochromic, polarized, tinted, free form and RX lenses.
The company will raise 270 million yuan after fixing the issue price at 18 yuan per share. It will issue 15 million shares in its IPO.
Fujian CEE Installations (300062) is expected to raise 483.6 million yuan through the issue of 20 million shares at 24.18 yuan per share.
It is engaged in the design, manufacturing and sale of cable accessories and transformer components.
