everbright announces ipo for strong petrochemical | 光大控股-九游会登录

everbright subsidiaries, china everbright capital limited and china everbright securities (hk) limited, act as sponsor, bookrunner and lead manager of strong petrochemical holdings limited (stock code 852). the global offering of strong petrochemical comprises100,000,000 shares at an offer price of hk$2.5 per share. the total issue size is around hk$250 million . the public offer begins on 23 december 2008 (tuesday) and will be closed on 2 january 2009 (friday) noon. strong petrochemical will commerce trading on 12th january 2009 

 

strong petrochemical is engaged in the trading of crude oil, petroleum products and petrochemical products. during the track record period, the group traded 25 types of crude oil, 7 types of petroleum products and 2 types of petrochemical products. through the operating subsidiaries in hong kong and macao, the group procures the trading products from oil majors and other international oil trading companies, and mainly sold crude oil and petroleum products to the five state-owned licensed import agents. taking into account the large amount transacted per shipment and the fluctuating market prices of oil products, the group developed its trading business with prudent financial and risk management policies, with an aim of minimizing its financial and operational risks. leveraging on their niche trading strategy and experienced management and traders who has built up their business network, the group position themselves as a niche player focusing on satisfying the immediate and unplanned purchase demands from the five state-owned licensed import agents, by supplying oil products of different varieties and specifications within a short time frame.”