Jinhui agrees on world offer

PUBLISHED : Monday, 15 August, 1994, 12:00am
UPDATED : Monday, 15 August, 1994, 12:00am

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.