WARDERLY SETS NET TARGET OF $43M FOR IPO

Ventilator and radiator maker Warderly International Holdings plans to raise a net HK$43 million through an initial public offering on the main board of the Hong Kong stock market. The company will sell a total of 93.75 million shares at 80 HK cents each. About 14.06 million new shares will be sold to the public and about 79.68 million shares will be placed with private investors.