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23-12-2015, 11:13 AM
A special S-Chip which was overlooked by VBs.
Company Description in Brief
Li Heng Chemical Fibre Technologies Limited ("Li Heng") is one of the largest integrated nylon producers in the People's Republic of China (the "PRC"). As one of the leading manufacturers of high-end nylon fibres, our integrated manufacturing facility is fully self-sufficient in producing Polyamide Chips ("PA chips"), an important and major raw material for the production of our nylon yarns.
The high-end nylon yarns are manufactured under 2 brand names, 力源 (Liyuan) and 力恒 (Liheng), which cater to the fabric and textile manufacturers in the main textile production hubs in the PRC, namely Fujian, Zhejiang, Guangdong and Jiangsu Provinces.
Currently, we operate our two production facilities in the Binhai Industrial Zone (滨海工业区) and Liyuan Production Facilities in Jinfeng Industrial Zone (金峰工业区), which are strategically located in Changle City, Fujian Province. To date, our Liheng Production Facilities and Liyuan Production Facilities have a total production capacity of approximately 261,200 metric tonnes (“mt”) of nylon yarns per annum from the 61 nylon POY/ HOY/ FDY production lines, and 34 units of nylon DTY texturising machines. We completed our vertical integration with the production of PA Chips since 2009. Our two state-ofthe-art production facilities are capable of delivering a total annual capacity of 170,000 mt of PA chips per annum.
Voluntary Unconditional General Offer
For each Offer Share: SGD 1.00 in cash. This is :
* 115.1% premium over last transacted price on 21 December 2015 of SGD 0.465
...
* 58.7% premium over VWAP for the twelve-month period up to the date prior to the Offer Announcement Date of SGD 0.63
I took a look at its historical chart, majority of the shareholders should earn a decent return. Congratulation.
Company Description in Brief
Li Heng Chemical Fibre Technologies Limited ("Li Heng") is one of the largest integrated nylon producers in the People's Republic of China (the "PRC"). As one of the leading manufacturers of high-end nylon fibres, our integrated manufacturing facility is fully self-sufficient in producing Polyamide Chips ("PA chips"), an important and major raw material for the production of our nylon yarns.
The high-end nylon yarns are manufactured under 2 brand names, 力源 (Liyuan) and 力恒 (Liheng), which cater to the fabric and textile manufacturers in the main textile production hubs in the PRC, namely Fujian, Zhejiang, Guangdong and Jiangsu Provinces.
Currently, we operate our two production facilities in the Binhai Industrial Zone (滨海工业区) and Liyuan Production Facilities in Jinfeng Industrial Zone (金峰工业区), which are strategically located in Changle City, Fujian Province. To date, our Liheng Production Facilities and Liyuan Production Facilities have a total production capacity of approximately 261,200 metric tonnes (“mt”) of nylon yarns per annum from the 61 nylon POY/ HOY/ FDY production lines, and 34 units of nylon DTY texturising machines. We completed our vertical integration with the production of PA Chips since 2009. Our two state-ofthe-art production facilities are capable of delivering a total annual capacity of 170,000 mt of PA chips per annum.
Voluntary Unconditional General Offer
For each Offer Share: SGD 1.00 in cash. This is :
* 115.1% premium over last transacted price on 21 December 2015 of SGD 0.465
...
* 58.7% premium over VWAP for the twelve-month period up to the date prior to the Offer Announcement Date of SGD 0.63
I took a look at its historical chart, majority of the shareholders should earn a decent return. Congratulation.
Specuvestor: Asset - Business - Structure.
