The company is seeking to raise up to HK$1.77 billion $227.5 million through the sale of 1.07 billion new H shares, or 33% of the issued share capital at a price of HK$1.20 to HK$1.65 per share.
On the eve of the launch of the retail portion of the deal today March 21 the institutional book is said to be already covered, despite being opened only three days after the beginning of pre-marketing.
The state-owned enterprise passed the listing hearing as recently as March 9,...
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