The Chinese textile manufacturer could have set the price at the upper end of the HK$4.15 to HK$5.50 range, but chose to leave more room for the share price to go up in the aftermarket, according to sources.
The institutional tranche was 45 times covered post-clawback and counted over 250 orders, the sources say. The clawback, which reduced the institutional portion from 90% to 70% of the deal,...
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