Politics
Lingyi Seeks to Raise Up to $1.1 Billion in Hong Kong Listing
Key Points
Lingyi Seeks to Raise Up to $1.1 Billion in Hong Kong Listing China’s Lingyi iTech Guangdong Co. has started taking investor orders for a Hong Kong listing that may raise as much as HK$8.3 billion ($1.06 billion). The electronics-components maker is offering 811.8 million shares at the maximum price of HK$10.18 apiece, according to a listing document dated Wednesday.
Lingyi Seeks to Raise Up to $1.1 Billion in Hong Kong Listing
China’s Lingyi iTech Guangdong Co. has started taking investor orders for a Hong Kong listing that may raise as much as HK$8.3 billion ($1.06 billion).
The electronics-components maker is offering 811.8 million shares at the maximum price of HK$10.18 apiece, according to a listing document dated Wednesday. That reflects a 44% discount to the stock’s Tuesday close of 15.69 yuan in Shenzhen, where is already listed.
[Image text:] HKEX
6
0.820288WHGROP8.090.060291HARESBEER0A