Yadea set for $286m Hong Kong share offer
By Yang Ziman | China Daily | Updated: 2016-05-12 07:54
Yadea Group Holdings Ltd, China's largest two-wheeled electric vehicle manufacturer by output, has launched a 1.86 billion yuan ($286 million) share offer in Hong Kong.
The company plans to issue 750 million shares priced at between 1.72 and 2.48 yuan per share, and is expected to go public on May 19, it said on Wednesday.
It has two cornerstone investors with subscriptions of $30 million in total, and Hong Kong-based China Securities (International) Finance Holding Company Ltd is acting as sole underwriter.
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