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Hong Leong-linked First Sponsor Group launches IPO
China-based developer offers shares at $1.50 apiece
Published Thu, Jul 10, 2014 · 10:00 PM
FIRST Sponsor Group Ltd (FSGL), a developer of residential and commercial properties in China, yesterday launched its Singapore mainboard initial public offering (IPO) of 34.05 million shares at $1.50 each.
The invitation represents about 5.8 per cent of the group's enlarged share capital.
The IPO comprises 3.8 million public-offer shares and 30.25 million placement shares.
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