KPI Co has been forced to find an alternative to raise funds after a proposed placement of new shares lapsed. The company said some conditions of the placing and subscription agreement were not fulfilled by yesterday's deadline.Wednesday, 1 April, 1998, 12:00am
FERTILISER company KPI Co has posted sharply higher attributable profits of $30.04 million, up 72 per cent on the previous year.
The company said yesterday turnover almost tripled over the year ended March to $3.3 billion from $1.14 billion previously.
There were no exceptional profits - the previous year brought a $1.43 million exceptional item.18 Aug 1995 - 12:00am
KPI Co and Wing Shan International delivered profits of more than 60 per cent on their first day of trading on the stock exchange yesterday.
KPI, a fertiliser trader, closed at $1.49 against the issue price of $1.03. The one-for-five warrants ended at 86 cents, giving a package price of $1.662.8 Apr 1993 - 12:00am
KPI Co has had its initial public offer oversubscribed 227 times. It offered 70 million new shares at $1.03 each and received subscriptions of just under $15 billion. Dealing is expected to start on Wednesday.1 Apr 1993 - 12:00am
KPI Co is to raise $72.1 million through what is thought to be the first Hongkong flotation of a chemical fertiliser and agricultural products trader.
The company is issuing 70 million shares at $1.03 each. One 1995 warrant with an exercise price of $1.23 will be offered for every five shares taken.23 Mar 1993 - 12:00am