Nature Wood Group, a Macau-based forestry company with operations in Peru, raised $7 million by offering 0.8 million ADSs at $9, the low end of the range of $9 to $11. The company offered 0.2 million fewer ADSs than anticipated.
Based in Macau, Nature Wood is a vertically-integrated forestry company with facilities in Peru and is focused on Forest Stewardship Council (FSC) business operations. The company produces a range of products, including logs, decking, flooring, and sawn timber, among other products. Nature Wood owns natural forest concessions and cutting rights for the exploitation of timbers in Peru, covering approximately 615,333 hectares. It also works with local forest owners in Peru and engages in timber auctions in France for supply of logs.
Nature Wood Group plans to list on the Nasdaq under the symbol NWGL. Prime Number Capital acted as sole bookrunner on the deal.
