The company, which is seeking a listing in Singapore, had initially planned to raise about $350 million by selling 25% of its issued share capital.
According to investors, the number of new shares on offer has been cut accordingly to 342 million from 456 million. The shares are offered at a price between S$1.08 and S$1.32 apiece, which will value the company at about 10 to 12.7 times its projected 2006 earnings.
Among ChinaÆs nation-wide...
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