China Lifestyle Food IPO

China Lifestyle Food IPO

Postby winston » Mon Nov 28, 2011 11:37 am

not vested

DJ China Lifestyle Food To Raise US$96 Mln In HK IPO - Term Sheet

HONG KONG (Dow Jones)--China Lifestyle Food & Beverages Group Ltd. plans to raise US$96 million in an initial public offering ahead of a listing on the Hong Kong stock exchange on Dec. 9, according to a term sheet seen by Dow Jones Newswires on Monday.

The company, which started taking orders from investors Monday, is selling 282 million shares at a fixed price of HK$2.65 each, the term sheet said.

The IPO has an overallotment option to increase the size of the deal by 15%, bringing the funds raised to US$110 million.

The public offering is scheduled to start Tuesday.

Citigroup Inc. and BOC International Holdings Ltd. are the joint bookrunners on the deal, the term sheet said.

Source: Dow Jones Newswires
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