Companies

NVC Lighting raises HK$1.37b from HK IPO

(Xinhua)
Updated: 2010-05-19 14:16
Large Medium Small

HONG KONG - NVC Lighting, one of the Chinese mainland's leading suppliers of lighting products, said Wednesday that the price of its initial public offering was set at HK$2.1 (26.9 cents) per share and the net proceed of its IPO was about HK$1.37 billion ($175.59 million).

Related readings:
NVC Lighting raises HK$1.37b from HK IPO China to dominate IPOs in 2010, say analysts
NVC Lighting raises HK$1.37b from HK IPO Goldwind says China regulator approves HK listing
NVC Lighting raises HK$1.37b from HK IPO Tian Yuan puts off its $450m Hong Kong IPO
NVC Lighting raises HK$1.37b from HK IPO Sany Heavy mulls Hong Kong IPO

In a statement filed to the Hong Kong stock exchange, NVC Lighting said its shares in the public tranche were almost 39 times oversubscribed and the final number of new shares for global offering was 218.26 million. While shares for the international placing amounted to 509.28 million.

NVC Lighting, based in South China's Guangdong Province, is set to debut on the Hong Kong stock exchange on Thursday.