Four Chinese firms eye $1.83 billion via Hong Kong listings
Four Chinese firms plan to raise a combined HK$14.35 billion ($1.83 billion) through separate listings in Hong Kong. RoboTechnik Intelligent Technology aims to raise about HK$5.18 billion, with its total deal potentially reaching HK$6.85 billion if options are exercised. Shenzhen Kinwong Electronic seeks up to HK$5.10 billion, Red Avenue New Materials plans for HK$3 billion, and Direct Drive Tech aims for HK$1.08 billion. Shares are expected to debut on September 29.
83 billion) via separate listings in Hong Kong, with automation equipment maker RoboTechnik accounting for the largest portion, exchange filings showed on Monday. The offerings come as Hong Kong's market for initial public offerings and secondary listings continues to strengthen. 8 billion so far this year, compared with $24 billion in the same period last year, LSEG data showed. 18 billion.
85 billion at the maximum offer price. The Shenzhen-listed company makes equipment for photovoltaic cell manufacturing and assembly and testing systems for silicon photonics devices used in optical interconnects for data centres and AI infrastructure. 10 billion and HK$3 billion, respectively, through secondary share sales. 08 billion in an initial public offering.
Shares of all four firms are expected to start trading on the exchange on September 29. com;)