Business broker LP Lammas heads for GEM listing this week

The company hopes to cash in on deals with Chinese asset management companies to generate interest.
December 04, 2000
LP Lammas, a business broker and consultancy focused on mid-tier mergers, acquisitions and investments, is listing on Hong Kongs second board in a deal that Chairman and Managing Director Louis Pong claims is more about raising his companys profile than any need for cash.

The share offer will be conducted entirely on a placement basis of 160 million shares at HK$0.20 per share for a total of HK$32 million, US$4.1 million. Lead manager Tai Fook Securities is granted an over-allotment option of up to 16 million additional shares 10% of the initial offer.

The GEM listing is being sponsored by Tai Fook Capital. Also participating in the underwriting...

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