Jinhui agrees on world offer
JINHUI Holdings has agreed with Nomura International and Christiania Fonds AS to go ahead with its global offering in Jinhui Shipping.
The international placing, at between US$1.70 and $2 per Jinhui Shipping share, will raise up to $96 million.
It will not exceed 48 million shares, or 48 per cent of total issued share capital.
Completion of the deal will give the company a separate listing on the Oslo Stock Exchange.