Television-maker Shenzhen Coship Electronics announced it will list 22 million A-shares on the Shenzhen Stock Exchange on June 12. It will be the second initial public offering on China's domestic exchanges since authorities lifted a one-year moratorium on IPOs in May. The first is to be made by China CAMC Engineering, an engineering-project contractor, which will issue shares June 5. The 22 million Shenzhen Coship shares will represent 25.32% of the company's share capital after the offering, which is being underwritten by GF Securities, China's fifth-largest brokerage firm by assets. Initial pricing is scheduled to be completed June 7. CAMC aims to raise between US$46.15 million and US$55.35 million on the Shenzhen Stock Exchange from its offering of 60 million A-shares, with final pricing expected Friday.
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