Printed circuit board (PCB) equipment maker Shenzhen Han's CNC Technology (3200.HK) SZSE:301200 seeks to raise up to HK$4.83 billion ($619 million) in its Hong Kong listing, according to an exchange filing on Thursday.
The Shenzhen-listed company is offering 50.5 million shares at a maximum price of HK$95.8 apiece, representing about 10.6% of its enlarged share capital, all primary shares and subject to a 15% over-allotment option.
If the greenshoe is fully exercised, total proceeds could reach HK$5.55 billion from the sale of up to 58 million H shares.
The deal has attracted 10 cornerstone investors committing a combined $309.8 million, including Singapore's GIC (GIC.UL), Schroders LSE:SDR and Victory Giant Technology SZSE:300476.
CICC is acting as sole sponsor of the offering.
($1 = 7.8010 Hong Kong dollars)