SHANGHAI INDUSTRIAL HOLDINGS TO SPIN OFF PRINTING BUSINESS
AsiaInfo Services, July, 2007
AsiaInfo Services 07-20-2007 Shanghai Industrial Holdings to Spin Off Printing Business SHANGHAI, Jul 20, 2007 (SinoCast via COMTEX) -- Shanghai Industrial Holdings Ltd. (SEHK: 0363) is brewing to spin off its printing business, Wing Fat Printing Co., Ltd., and list it on the main board of Stock Exchange of Hong Kong in the third quarter of 2007. Hong Kong media reports it plans to raise USD 200 million through the listing, with BNP Paribas Peregrine as its advisor. Established in 1913, Wing Fat is a famous printing company in Hong Kong engaged with the printing of cigarette cases, wine and cosmetics packaging.
In 2006, its operating revenue amounted to HKD 1.4 billion and its net profits reached HKD 149 million, hiking 48.15% and 18.4% year on year...
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