June 2007
China Sunsine Chemical Holdings Ltd. (“China Sunsine”), one of the world’s and PRC’s largest producers of rubber chemicals based in the People’s Republic of China (“PRC”), launched its Initial Public Offering (“IPO”) on 25 June 2007 in conjunction with its proposed listing on the Main Board of the Singapore Exchange (“SGX-ST”). China Sunsine’s offering comprises 120,000,000 new shares – priced at S$0.39 per share – of which 5,000,000 are offer shares and 115,000,000 are placement shares. The invitation, which represents 25.5% of China Sunsine’s enlarged share capital of 470,000,000 shares, is being offered at a historical price-to-earnings ratio of approximately 10.9 times, calculated based on its proforma Group net earnings for FY06 and a pre-invitation share capital of 350,000,000 shares. Trading on the SGX-ST is expected to commence on 5 July 2007.
About SEAVI Advent
SEAVI Advent is the exclusive Asia affiliate of Advent International, a global private equity fund with over US$10 billion under management. SEAVI Advent has been in partnership with Advent International since 1984. SEAVI Advent is now actively investing its regional Fund IV program which focuses its capital investing in high-growth late-stage companies and middle market buyout situations. SEAVI Advent has regional offices in Singapore, Shanghai, Beijing and Hong Kong.
About China Sunsine
One of the largest rubber accelerator producers in the world and the PRC, in terms of production capacity A downstream rubber chemical producer with more than 12 years of industry experience, China Sunsine engages in the production of rubber chemicals – rubber accelerators and anti-scorching agents. Being one of the largest producers of rubber chemicals in the PRC and the world with its annual production capacity of 32,000 tonnes, the Group satisfies the growing demand from global tyre and rubber-related products manufacturers, supplying to more than 400 customers in the PRC and overseas. Among its customers are world-renowned tyre manufacturers such as Bridgestone and Michelin, as well as other emerging PRC brands, such as Shanghai Tyre and GITI Tire.
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