OCBC debuts Shindoo Chemical on Shenzhen Exchange
Shindoo Chemical, a Chinese manufacturer and distributer of compound fertilizer and chemical products in China which was backed by the mezzanine arm of OCBC Bank, has debuted on at Shenzhen Stock Exchange, raising RMB 1.48 billion ($224.6 million). The company issued 38 million shares for RMB26 ($3.95) a share – a P/E ratio of 63.41x.
Singapore-based OCBC Bank, the second largest financial group in the country, said that it has invested RMB 50 million ($7.58 million) in Chengdu-based Shindoo Chemi-Industry for an undisclosed sum in...
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