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Mainland firms set for HK share sales
By Winny Wang |
September 14, 2010, Tuesday
|
Print Edition
Print Edition
WINSWAY Coking Coal Holdings and four other Chinese mainland companies plan to raise as much as US$2.1 billion from initial public offerings in Hong Kong.
Of the companies Winsway, a coking coal logistics company partly owned by private equity fund Hopu Investments, aims to raise US$800 million - the most - from the IPO on October 11. It has drawn in US$120 million in pre-IPO investments, according to Reuters.
Property developer Sunac China Holding Ltd plans to raise US$300 million. The company postponed its IPO plan in December last year because of poor market conditions.
The other three mainland companies started formal marketing road shows yesterday. Shipping logistics company SITC International targets US$527 million in IPO proceeds by selling 650 million shares between HK$4.78 (62 US cents) and HK$6.28 each.
Boshiwa International Holding Ltd, a maker of children's clothes, eyes up to US$321 million from its IPO by selling 500 million new shares at an indicative price range of HK$3.88 to HK$4.98 each.
Tea maker Besunyen Holdings Co Ltd aims to net up to US$169 million by selling 420.28 million shares between HK$2.38 and HK$3.12 each.
Of the companies Winsway, a coking coal logistics company partly owned by private equity fund Hopu Investments, aims to raise US$800 million - the most - from the IPO on October 11. It has drawn in US$120 million in pre-IPO investments, according to Reuters.
Property developer Sunac China Holding Ltd plans to raise US$300 million. The company postponed its IPO plan in December last year because of poor market conditions.
The other three mainland companies started formal marketing road shows yesterday. Shipping logistics company SITC International targets US$527 million in IPO proceeds by selling 650 million shares between HK$4.78 (62 US cents) and HK$6.28 each.
Boshiwa International Holding Ltd, a maker of children's clothes, eyes up to US$321 million from its IPO by selling 500 million new shares at an indicative price range of HK$3.88 to HK$4.98 each.
Tea maker Besunyen Holdings Co Ltd aims to net up to US$169 million by selling 420.28 million shares between HK$2.38 and HK$3.12 each.
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