Wing Shing share issue

Paint-maker Wing Shing Chemical Holdings is to raise net proceeds of HK$23.1 million by selling 61.2 million new shares at 50 HK cents each. Chairman Poon Sum and brother Poon Sau-tin are to raise HK$20.4 million by selling 40.8 million existing shares. The main-board candidate has not included a profit forecast in its listing prospectus. A dividend of HK$49.43 million was paid to its original shareholders in the year to March 31 last year.