"China's Silver Base plans $ 134 million Hong Kong IPO | AboutHK.Com - more information about HK"

Silver Base Group, which sells products that the Chinese manufacturer Wuliangye Yibin alcohol and cigarettes, said he planned to up to $ 1.04 billion HK ($ 134 million) in Hong Kong IPO. The company, which last year shelved plans for a larger deal between poor market sentiments, said on Sunday it would sell 300 million shares at a price of HK $ 2.30 to HK $ 3.45 apiece, the raising of capital to finance the expansion of a distribution network in China and in developing new product lines. The IPO is of 30 March to 2 April, and in the shares be expected on 8 April start. UBS (NYSE: UBS - news - people) AG and Boci Asia Ltd. are the joint bookrunner of the transaction. The global IPO markets have been only a trickle of activity in recent months. In February, China's real gold mining, the $ 132 million in Hong Kong initial public offering that priced at a steep discount to his colleagues. Comments Please login to post comments or replies.