Three-Circle Group Plans $1 Billion Hong Kong IPO
The Chinese ceramic component maker aims to raise up to $1 billion to fund overseas expansion. The deal follows strong first-quarter profit growth of 48.5 percent.
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CHAOZHOU THREE-CIRCLE GROU-A aims to raise up to $1 billion through a Hong Kong listing, people familiar with the matter said. The China-based ceramic component maker is awaiting regulatory clearance to join 40 other listings that raised $14.1 billion this year. Fresh capital will fund automation and expansion in Thailand and Germany to capture global demand for data centers and clean energy.
