Tableware manufacturer Gold Wo International Holdings is planning to raise a net HK$26.3 million by listing on Hong Kong's main board.
The company will offer 100 million shares at 50 HK cents each, of which 28 per cent will be made through an initial public offering (IPO). The rest will be available under a placing tranche to institutional investors.
The offer price represents a weighted average price-earning multiple of 5.13 times, based on forecast earnings for the year ending tomorrow.
The IPO begins today and trading in the shares is expected to start on April 12.
Gold Wo makes and sells household products - including tableware, keypads and ashtrays - using silicon rubber and melamine.
In the 12 months to March 31 last year the company had an attributable profit of HK$22.98 million, on turnover of HK$102.83 million.