Heng Long hits the stock exchange running
09/07/2008
Singapore-based tanning group Heng Long International has gone ahead with its plans to launch on the country’s stock exchange and, in spite of an initial dip, closed after its first day with the price 1% above the launch level.
The company, which specialises in tanning crocodile skins to supply high-end European design houses, planned to sell 68 million shares and raise US$17 million. It said it wanted to use at least part of this money to invest in people and technology to boost production.
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