Suzhou Dongshan Seeks 1.36 Billion in HK Listing
Chinese electronics maker Suzhou Dongshan Precision Manufacturing is seeking to raise up to 1.36 billion dollars in a Hong Kong share offering. The proceeds will fund production facility upgrades and expand manufacturing capacity. Trading of the shares is expected to begin on October 28.
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Suzhou Dongshan Precision Manufacturing is seeking to raise up to $1.36 billion in a Hong Kong share offering, according to a regulatory filing on Tuesday morning. The offering comes as mainland firms tap a resurgent primary market in the financial hub. The capital influx will fund production expansion across China, targeting high-speed electronic components.
