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Stock impact report

China's Sigenergy Technology aims to raise $562 million in Hong Kong IPO [Yahoo! Finance]

CITIC SECURITIES UNSP/ADR (CIIHY) 
NASDAQ:AMEX Investor Relations: citic.com/investorrelations/investorrelations
Company Research Source: Yahoo! Finance
an initial public offering ?in Hong Kong, according to a listing document filed to the ?exchange on Wednesday. The deal comes as Beijing's heightened scrutiny of so-called red-chip listings is expected to slow Hong Kong IPO activity, with regulators pushing some China-linked firms incorporated ?offshore to reorganise before ?going public. The global offering comprises 13.57 million H shares, of which 1.36 million are ?reserved for Hong Kong public investors and the remainder will be allocated to international investors, at an offer price ?of ?HK$324.20 per share. The Shanghai-based company ?develops and manufactures smart ?energy storage systems, including battery products, inverters and energy management software, serving residential and commercial customers as demand for clean energy solutions rises. The shares will begin trading on the Hong Kong Stock Exchange on April 16 ?under stock code 6656, the filing ?showed. CLSA, Asia's leading capital markets ?and investment grou Show less Read more
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