Asia
Sinoplast Advanced Material Files Prospectus for Shenzhen IPO
Guangdong Sinoplast Advanced Material (SHE:301686) filed its prospectus on Wednesday for an initial public offering of 12.3 million shares, representing 15% of its post-IPO share capital, on the Shenzhen Stock Exchange's ChiNext board.The modified engineering plastics company earmarked the proceeds to fund an intelligent production base, expand its Jiangxi plant, establish a research and development center, and supplement working capital, according to a Wednesday filing with the bourse.The expected offering date is on Sept. 10.Guoxin Securities serves as lead underwriter.
SHE:301686
