Yongmao Singapore IPO priced at S$0.35/shr - source

Newswire

SINGAPORE, Jan 25 (Reuters) - China-based crane manufacturer Yongmao Holdings Ltd. has priced its Singapore initial public offering at S$0.35 a share, a source told Reuters on Friday, raising a total of S$39 million ($28 million). The deal was priced below the S$0.36-S$0.40 indicative price range for the IPO, according to a term sheet obtained by Reuters. Yongmao, a unit of crane operator Tat Hong Holdings , is selling 111.6 million new shares in the IPO, representing about 25 percent of ...

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