Ouhua appoints OSK as IPO underwriter

It will issue 132.55 million shares, out of which eight million will be allocated to the public and the remaining reserved for specified investors.

"We have 113 specialty stores and our plans include expanding to approximately 200 specialty stores by end-2011 to enhance our distribution network and market reach," executive chairman and CEO Wang Chao said in a statement yesterday

The firm intends to distribute dividends of not less than 35 per cent of its net profit to shareholders for the current financial year.

It will be listed on the Main Market by the end of the year. The firm is mainly involved in the production and distribution of wines under the Fazenda Ohua label. It also distributes French, Australian, Spanish, Chilean and German wines. - Bernama