Nature wood group limited announces closing of $6.75 million initial public offering

Macau, sept. 14, 2023 (globe newswire) -- nature wood group limited (the “company” or “nature wood”), a global leading vertically-integrated forestry company that focuses on fsc business operations, today announced the closing of its initial public offering (the “offering”) of 750,000 american depositary shares (“ads”) at a price to the public of us$9 per ads for gross proceeds of us$6.75 million, before deducting underwriting discounts and offering expenses. in addition, the company has granted the underwriters an option, exercisable within 45 days from the closing date of the offering, to purchase up to an additional 112,500 additional adss at the public offering price, less underwriting discounts and expenses, to cover over-allotment, if any. each ads represents eight ordinary shares of the company. the offering closed on 14 september, 2023 and the adss began trading on september 12, 2023 on the nasdaq capital market under the symbol “nwgl”.
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