Another batch of IPO list debuts on April 25 and Red Star Macalline appears in it. In the draft initial public offering (IPO) prospectus, Red Star Macalline declares the plan to go public in Shanghai Stock Exchange and to raise 4.45 billion yuan via IPO.
The funds will be invested to 11 projects such as the life and furnishing malls in Wuhan, Chongqing, Tianjin and Shenyang etc., and the e-business platform. Wuhan Red Star Macalline Expo Furnishing Square will be the one that costs the most (1.2 billion, 0.868 billion will be raised via the IPO). The investment of the 11 projects will be 6.11 billion yuan in total.
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