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Hong Kong freight forwarding service provider NCEW.US (NCEW.US) has halved its IPO and now plans to raise US$6 million
New Century Storage and Transportation (NCEW.US), a freight forwarding service provider headquartered in Hong Kong, China, reduced the size of its IPO issuance on Tuesday. The company is currently planning to issue 1.3 million shares at a price of 4 to 5 US dollars per share and raise 6 million US dollars. The company had previously applied to issue 2.5 million shares in the same price range. Based on the median value of the revised price range, the amount raised by New Century Storage and Transportation will be reduced by 50% compared to previous expectations, with a market value of 96 million US dollars.
New Century Logistics (BVI) Ltd. Files for IPO With US SEC
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