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Hong Leong-linked First Sponsor Group launches IPO

China-based developer offers shares at $1.50 apiece

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Published Thu, Jul 10, 2014 · 10:00 PM

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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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