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Sino Grandness to raise proceeds in IPO

This article was originally published in Foodnews

CANNED fruit and vegetable manufacturer Sino Grandness Food Industry plans to raise net proceeds of SGD16.9 million (US$12.1 million) in a Singapore initial public offering (IPO). A total of 85.5 million shares are being offered at SGD0.29 each, comprising 70 million new shares and 15.5 million vendor shares.

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