Chongqing Machinery IPO Hong Kong

The stock markets in Hong Kong seems to witness a flood of IPO’s. Recently, Chenming Paper Holdings declared its IPO and now, its Chongqing Machinery & Electronics which has come out with IPO plans.
What is the price range of Chongqing IPO?
The expected price range or price band of the Chongqing IPO is HK$1.3 to HK$1.7.

What is the primary business and valuations of Chongqing Machinery & Electronics?
The Chongqing company is a Machine tool maker. The proceeds will primarily be used to update technology, boost production and fund acquisition.

What is the expected size of the Chongqing IPO?
The Chongqing IPO plans to raise around US $129 million by listing on the Hong Kong stock exchange.

How many shares will be offered for sale through the Chongqing IPO?
The Chongqing Machinery company plans to offer a total of one billion new shares, accounting for 27.3% of its market capital

What are the application / subscription dates for Chongqing IPO?
The IPO application dates for Chongqing Machinery IPO are between May 26th to June 5, 2008. The shares of Chongqing Machinery company will be listed on the Hong Kong Stock exchange on June 13th, 2008.

Credit Suisse Group is the sponsors of the deal. Let’s see how this Chongqing Machinery IPO performs in the Hong Kong Markets.

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