Tag: secondary-offering

Reading Time: 2 minutes The Shanghai Composites Index closed above 5000 the first time on August 23, Thursday. The interesting thing is, this time Chinese goverment is not as nervous as last time around (May 30), because this run up is largely drived by so-called blue chips: especially large banks where the goverment is the majority owner (ICBC, BOC,…).

stlplace
August 23, 2007

Reading Time: < 1 minute (Update June 29) Motley fool ran an article on this. I agree what they said. (Original June 28) Yeah, they decided to withdraw the already-cut-in-half secondary offering, according to Business Wire. This is the first time I saw a company withdraw a secondary offering, because of lack of interest (from buyers). I did see some

stlplace
June 28, 2007

Reading Time: < 1 minute It appears they cut the secondary offering almost by half, amid the dropping of the stock price lately. (presumably there is a lack of interest by institutional buyers). Here is the amended SEC filing. They are going to sell 4.5 million shares instead of original 8 m shares. Now if they could find enough buyers for

stlplace
June 25, 2007

Reading Time: < 1 minute The following is from Reuters. I have not seen the final prospectus from SEC web site yet.  “HONG KONG, Feb 9 (Reuters) – Investors and New Oriental Education & Technology Group Inc. (EDU.N: Quote, Profile , Research), China’s largest education group, and its investors have raised US$334 million after pricing 8.05 million American Depositary Shares at a 1.78

stlplace
February 8, 2007

Reading Time: < 1 minute It appears that Mindray started new offering today. I read its SEC filings here. The insiders will sell 9,827,220 shares and the underwriter will have option to buy additional 1,474,083 shares from selling share holders. That alone won’t have dilution effect. Separately, the company filed S1 form for stock options registration. That will dilute the

stlplace
January 31, 2007
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