Richina names the day for share issue
The parent group to Shanghai Richina Leather, Auckland, New Zealand-based
Richina Pacific Ltd has announced the dates for its NZ$19.45 ($10.4 million) flotation. Trading will open at $14.5 cents per share on February 7, with the closing date for applications being March 14, Richina said.
The issue, which was given the green light by shareholders last month, will raise money to support the fast growing Shanghai Richina Leather subsidiary which manufactures a range of shoe, garment and upholstery leathers for international markets.
The company says it will provide a facility for shareholders to subscribe for new shares in
