Singapore's largest banking group, DBS Bank, will take an indirect stake of up to 8.87% in China Infrastructure Machinery Holdings, China's third-largest wheel-loader manufacturer, in CIMH's upcoming Hong Kong IPO, the Standard of Hong Kong reported. CIMH plans to price its IPO shares between US$0.19 and US$0.25 each in order to raise up to US$75 million for expanding production, upgrading research, increasing marketing and sales, and repaying debt.
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