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<IPO>CHUANGXIN IND's ~HKD5.5B IPO Starts Tdy; 1-lot Entry Fee HKD5,550.42
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CHUANGXIN IND (02788.HK), a Chinese alumina refining and electrolytic aluminum smelting company, kicked off its IPO today (14th). With an aim to raise around HKD5.495 billion, the IPO will last until November 19, and the listing is scheduled for November 24. The offer price ranges from HKD10.18 to HKD10.99 per share, and the entry fee for a board lot of 500 shares will be HKD5,550.42. A total of 500 million shares are being offered globally, with 50 million shares offered in Hong Kong. The sponsors are CICC and Huatai International. CHUANGXIN IND has introduced 18 cornerstone investors, including CHINAHONGQIAO (01378.HK), CICC Financial Trading Limited, Turquoise Hime, Investcorp, and Brilliant Partners Fund LP, which collectively subscribed to shares worth USD336 million. AAStocks Financial News |
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