20 November 2006 02:59 [Source: ICIS news]
SINGAPORE (ICIS news)--Kingboard Chemical Holdings will raise up to HK$5.8bn ($744.8m, €580.5m) from the spin-off of its laminates division, the Hong Kong-listed firm said on Monday.
The company has set the price of its laminates initial public offering (IPO) at HK$5.97-$7.73, it said in a statement.
Shares will be sold from 24 to 29 November, with trading to start on the Hong Kong Stock Exchange on 7 December.
The company’s chemicals division produces formalin, epoxy resin, melamine, sodium hydrosulphite and tetrabromobisphenol-A (TBBA), which are feedstock for laminates.
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