China Ouhua plans Bursa listing

PETALING JAYA: China Ouhua Winery Holdings Ltd, slated for a listing on Bursa Malaysia, is offering for sale 20%, or 131 million shares, of its issued and paid-up capital.

Of the total shares offered, eight million is for retail investors and the rest for identified investors.

The offer price was not revealed in a draft prospectus that was posted on the Securities Commission website yesterday.

According to the draft prospectus, China Ouhua is a leading producer and distributor of grape wines in China with a portfolio that includes wine labels distributed at 3,000 point-of-sales across the country.

Its business operations span across the entire value chain of the wine industry, from the cultivation of vineyards and the production of wines to the management of retail networks for the wine labels.