New Century Logistics Closes $6 Million Initial Public Offering

Q: How long will it take to read this news story?

The story "New Century Logistics Closes $6 Million Initial Public Offering" has 803 words across 30 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "New Century Logistics Closes $6 Million Initial Public Offering" was covered 4 days ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly investing and business news. The outlet is headquartered in United States and publishes an average of 0 news stories per day. It's most recent story was published 5 days ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24587044</li><li>URL: https://beamstart.com/news/new-century-logistics-closes-6-17349065108696</li></ul>

Benzinga Logo Benzinga 4d ago

New Century Logistics Closes $6 Million Initial Public Offering - Benzinga

Quick Summary:

HONG KONG, Dec.19, 2024 (GLOBE NEWSWIRE) -- New Century Logistics (BVI) Limited ("New Century" or the "Company"), an international freight forwarding company and logistics service provider, announces the closing of its initial public offering of 1,500,000 ordinary shares at a public offering price of $4.00 per share (the "Offering") for total gross proceeds of $6,000,000, before deducting underwriting discounts and other related expenses.

The Company granted the underwriters a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts, to cover over-allotments, if any.

The Offering was conducted on a firm commitment basis.