Shenzhen Han's CNC Technology seeks up to $619 million in Hong Kong listing

About this update from Shenzhen Han's Cnc Technology Co., Ltd. Class A

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)

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