XinRen Aluminum plans to raise $157 mln in Singapore IPO

Oct 8 （Reuters） - China's XinRen Aluminum Holdings plans to raise as much as S$205 million （$157 million） by selling 24 percent of its enlarged share capital in a Singapore initial public offering, according to a term sheet seen by Reuters.

It has set an indicative price of between S$0.54 to S$0.78 a share and is offering 263 million shares to investors, the term sheet said.

DBS （DBSM.SI） and RBS （RBS.L） are handling the deal.