China Minzhong Food Corporation ("CFMC") launched its IPO by selling 119.602m new shares and 77.742m vendor share at $1.20 each. 9.867m shares will be available for the public while the rest will be through placement. The IPO will end on 13 April at 12 pm.
The company core business is in the area of vegetable processing based in China. Given the fact that GIC has invested and the business is a first of the kind to be listed locally in Singapore, the stock should be stable.
I should be going for this one and hopefully I can get it.
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