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HI-Q Wason, Inc.
4th Floor, 52 Lane 232, Hu Lin Street, Hsin Yi District, Taipei, Taiwan
Business Description The company is one of Taiwan's largest providers of bottled water delivered directly to residences and businesses and have a leading market share position in Taipei and Hsinchu, Taiwan.
Offering
Information

Company has
gone public

Trading As  HIQW (NASSCM) Industry  Wholesale (SIC 5149)
Type of Stock Offered  Common Shares Filing Date  05/20/1999
Domestic Shares Offered  900,000 Offer Date  09/22/1999
Foreign Shares Offered  0 Filing Price  $7.00
Company Shares  900,000 Offer Price  $7.00
Selling Shrhldrs Shares  0 Gross Spread  $0.700
Gross Proceeds  $6,300,000 Selling  $0.420
Expenses  - - Reallowance  - -
Post-IPO Shares  1,571,429 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Nutmeg Securities, Inc. Lead Manager (800) 288-5513
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data         12/31/1998   03/31/1999
Revenues   - - - - 0.913 - 0.231
Income from Oper.   - - - - 0.178 - 0.036
Net Income   - - - - 0.126 - 0.025
E.P.S   - - - - 0.270 - 0.050
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - 19.46 15.70 -
Net Profit Margin (%)    - - - - 13.79 10.59 -
Cash Flow - Oper.     0.28 - -
Cash Flow - Inv.     -0.38 - -
Cash Flow - Fin.     0.09 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    1.02 Current Assets    - Current Ratio    -
Total Liab.    0.30 Current Liab.    - Debt Ratio    29.29%
Total Equity    0.72 Working Cap.    0.13 Debt to Equity Ratio    0.41
Cash    -    Return on Assets   2.41%
Use Of
Proceeds
The proceeds from the proposed offering will be used for developing new bottling facilities, marketing expenses, acquisition of other bottling companies and working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Agron, Gary A.
Registrar/Transfer Agent  Corporate Stock Transfer, Inc. CO
Auditor  KPMG Accountants N.V.
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Last updated: 09/29/1999 3:51:29 AM
© 1999 IPO Data Systems, Inc. - All rights reserved.