Asia Electronics Holding Co. Inc. Completes Initial Public Offering of Common Stock.XIANYANG, China--(BUSINESS WIRE)--Sept. 25, 1997--Asia Electronics Holding Co. Inc. ("the company") (Nasdaq NM Symbol: AEHCF) today announced that it has priced an initial public offering of 4.6 million shares of Common Stock at $8.00 per share. The company had filed to sell 4.0 million shares of Common Stock between $6.50 and $8.50 per share. Barington Capital Group, L.P. and Value Investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. Partners, Inc. are co-managing the offering. The underwriters have been granted a 45-day over-allotment option to purchase an additional 690,000 shares. Asia Electronics Holding Co. Inc. designs, develops and manufactures deflection deflection /de·flec·tion/ (de-flek´shun) deviation or movement from a straight line or given course, such as from the baseline in electrocardiography. de·flec·tion n. 1. yokes for sale to original equipment manufacturers of televisions and computer monitors. Deflection yokes are electronic devices that are attached to color picture tubes (CPTs) in televisions and color display tubes (CDTs) in display devices, such as computer monitors. The deflection yoke yoke (yok) 1. a connecting structure. 2. jugum. yoke n. See jugum. yoke, n 1. something that connects or binds. uses electro-magnetic forces to focus and control light beams that create visual images. The company's major customers include Daewoo Group, Toshiba, Sharp, Sanyo, Hitachi, Samsung, Mitsubishi and the IRICO Group. Operations are based in the city of Xianyang, Shaanxi Province, China. This press announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from: Barington Capital Group, L.P., 888 Seventh Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10019, Telephone: (212) 974-5700 and Facsimile: (212) 974-3923 or from Value Investing Partners, Inc., 1853 Post Road East, Westport, CT, 06880, Telephone: (203) 256-9400 and Facsimile: (203) 256-9316. CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Lippert/Heilshorn & Associates,Inc., New York John Nesbett, ext. 121 Jason Thompson Jason Thompson can refer to different people:
212/838-3777 or Company Contact: Asia Electronics Holding Co. Inc., New York Mary Xia, 212/938-0750 |
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