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<IPO>CHERY AUTO (09973.HK) IPO Starts Tdy w/ PSBC, HORIZONROBOT-W Among 13 Cornerstone Investors
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CHERY AUTO (09973.HK), a Chinese automobile manufacturer, has announced details of its Hong Kong IPO, which will take place from today (17th) until next Monday (22nd). The company plans to issue 297 million H-shares globally with an offer price ranging from HKD27.75 to HKD30.75 per share, aiming to raise up to HKD9.145 billion. CHERY AUTO has introduced 13 cornerstone investors for its IPO, including JSC International Investment Fund SPC, HORIZONROBOT-W (09660.HK)'s wholly-owned subsidiary Horizon Together, Martis Fund, L.P., GOTION HIGH-TECH (002074.SZ)'s subsidiary Gotion HK, PSBC (01658.HK)'s wholly-owned subsidiary PSBC Wealth, and XINGYU (601799.SH)'s subsidiary Xingyu HK. The cornerstone investors will collectively subscribe shares equivalent to USD587 million. Based on the maximum offer price of HKD30.75 per share, their subscription will involve nearly 149 million shares, around 50% of the H-shares offered globally. AAStocks Financial News |
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