[ET Net News Agency, 22 September 2016] Vantage International (00015) said it has
submitted a listing application to the Stock Exchange for an application for the listing
of, and permission to deal in, the shares of Able Engineering Holdings Limited on the Main
Board.
The principal operating subsidiary of Able Engineering group is a well-established
building construction and maintenance services provider in Hong Kong.
Upon completion, Vantage International will have an interest of not less than 50% in
Able Holdings.
The net proceeds from the spin-off will be used mainly for financing the capital input
to recently awarded projects and ongoing projects, expansion of its businesses including
payment of start-up costs for new projects such as prepayment of subcontracting fees and
material costs, and general working capital. (HL)
|
|
|
|
|
|
|
|
|
|
IPO News
22/09/2016 10:37
Vantage applies to spin off construction & maintenance biz