New Century plans $1.1bn Singapore IPO

New Century plans $1.1bn Singapore IPO. (AP)

New Century Shipbuilding plans to raise as much as S$1.5 billion ($1.1bn, Dh4bn) in the biggest initial public offering by a Chinese company in Singapore. New Century, based in Jinjiang in southeastern China, may sell a 30 percent stake in the IPO.

 

 

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