Business broker LP Lammas heads for GEM listing this week

The company hopes to cash in on deals with Chinese asset management companies to generate interest.

Elton Cane

December 04, 2000

LP Lammas, a business broker and consultancy focused on mid-tier mergers, acquisitions and investments, is listing on Hong Kong’s second board in a deal that Chairman and Managing Director Louis Pong claims is more about raising his company’s profile than any need for cash.

The share offer will be conducted entirely on a placement basis of 160 million shares at HK$0.20 per share for a total of HK$32 million, (US$4.1 million). Lead manager Tai Fook Securities is granted an over-allotment option of up to 16 million additional shares – 10% of the initial offer.

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