The Zhitong Finance App learned that Timwood Holdings (TIWD.US), a manpower solutions provider for aviation and airport services in Hong Kong, China, submitted an application to the US Securities and Exchange Commission (SEC) last Friday to raise up to 28 million US dollars through an initial public offering (IPO). The company plans to raise $28 million by issuing 5.6 million shares in the price range of $4 to $6 per share. At the midpoint of the proposed range, Timwood Holdings' market capitalization would reach US$128 million.

The Zhitong Finance App learned that Timwood Holdings (TIWD.US), a manpower solutions provider for aviation and airport services in Hong Kong, China, submitted an application to the US Securities and Exchange Commission (SEC) last Friday to raise up to 28 million US dollars through an initial public offering (IPO). The company plans to raise $28 million by issuing 5.6 million shares in the price range of $4 to $6 per share. At the midpoint of the proposed range, Timwood Holdings' market capitalization would reach US$128 million.