Tag: Investment case

Reading the Tenfu tea leaves

HONG KONG (Dow Jones Investment Banker) – Amid the largest drop for a month in the Hang Seng index, Tenfu (Cayman) Holdings Company Limited, a producer and retailer of tea products in China, has just started bookbuilding for its Hong Kong IPO of up to US$182 million. The deal, set to price on September 20, with listing on the 26th, is led by China International Capital Corp. (CICC), Credit Suisse, and Taiwan’s Polaris Securities.


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Sheng Siong’s confusing IPO messages

HONG KONG (Dow Jones Investment Banker) – Supermarket operator Sheng Siong kicked off its domestic Singapore IPO on August 5 through OCBC Bank. The offer price is SGD0.33, translating into a deal size of US$96 million equivalent. Excluding a 15% overallotment option, the IPO comprises 351.5 million shares – representing just over 26% of the company – of which about 57% are for new money, with the balance being sold by the founding family.


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