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<IPO>EASTROC (09980.HK)'s Int'l Placement Reportedly Oversubscribed Mainly by Long-term/ Hedge Funds
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The international placement portion of EASTROC (09980.HK)'s Hong Kong listing has been fully subscribed, with oversubscription ranging from 5 to 9 times, Bloomberg reported, citing sources. The subscriptions mainly came from global and Chinese long investors and hedge funds. EASTROC's IPO runs from January 26 to 29, planning to issue 40.89 million H-shares at an offer price of not more than HKD248 per share to raise up to HKD10.14 billion. AAStocks Financial News |
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