It will be listed on Catalist.
Mainboard-listed Chinese property developer Weiye Holdings revealed that its clean room and HVAC equipment business Eindec Corp will launch an IPO on the Catalist.
The IPO will be conducted entirely through placement. Eindec will offer 35.8 million shares at a placement price of $0.21 per share.
Weiye will keep a 66.8% stake in Eindec after the placement.
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