Forest Lighting Parent Company, MLS, Announces IPO in China
ATLANTA, GA — (Marketwired) — 03/12/15 — , the USA subsidiary of Zhongshan, China-based MLS Co. Ltd., has announced that MLS recently completed its Initial Public Offering on the Shenzhen stock exchange in China. At the close of the first day of trading on February 16, MLS stock closed at $30.95, up 44% from the opening price of $21.50. The market value of the company is approximately $2 billion. About 44 million shares were issued, raising $154 million (RMB 960 million).MLS now ranks among