CSPC Pharmaceutical Group (1093) is reportedly planning to place 157 million primary shares at an indicative price of HK$12.38 to HK$12.65 per share, a discount of 4.5 percent to 6.5 percent to its closing price of HK$13.24 on Wednesday. An additional 32 million new shares may also be issued.
It expects to raise about HK$2 billion from the shares placement, the proceeds of which will be used for future investments.
Trading in CSPC shares were suspended before the start of morning trade yesterday.
Hong Kong-based slope works contractor Geotech Holdings (1707) closed at 41 HK cents on its debut yesterday, 3.57 percent lower from its IPO price of 42 HK cents. Investors may incur a paper loss of HK$120 for a minimum board lot of 8,000 shares.
RMH Holdings closed at 56 HK cents in gray market trading yesterday, 16.7 percent higher than its offer price of 48 HK cents. Investors stand to earn a paper gain of HK$640 for a board lot of 8,000 shares.
It said the retail tranche of its IPO was oversubscribed 43.6 times, with total subscription of 670 million shares. Trading of its shares will start today.
Meanwhile, five companies will make their debut on Monday. They are United Strength Power Holdings, KML Technology Group, Beaver Group (Holding) Co, Satu Holdings and Furniweb Holdings.