Companies
Yuanda China Holdings plans $536m HK IPO
Updated: 2011-04-18 15:12
(Agencies)
Yuanda China Holdings, which makes curtain walls that cover the outside of buildings, plans to raise about $536 million in an initial public offering in Hong Kong, according to a term sheet seen by Reuters on Monday.
|
Yuanda could raise up to HK$4.17 billion ($536.4 million) from the sale of 1.5 billion shares in a price range of HK$1.92 to HK$2.78 each, according to the term sheet. The deal is set to be priced on April 29, with trading scheduled for May 6.
The company has hired BOC International, JPMorgan Chase & Co, Deutsche Bank AG and Standard Chartered Plc as joint bookrunners.
Specials
In the swim
Out of every 10 swimsuits in the world, seven are made in China.
Big spenders
Travelers spend more on shopping than food, hotels, other expenses
Rise in super rich
Rising property prices and a fast-growing economy have been the key drivers.