Dalian Wanda Commercial Properties (03699) said its retail offering was over-subscribed by about 4.32 times and the international offering was moderately over-subscribed.
The offer price has been determined at HK$48 per share, with estimated net proceeds of about HK$28,031.32 million.
Dealings in H shares of Wanda Commercial are expected to commence tomorrow morning, with a board lot size of 100 shares each.
Dalian Wanda Commercial Properties is a commercial property developer, owner and operator in China, principally engaged in development, leasing and management of commercial properties for long-term investment; development and sale of properties, including primarily commercial and residential properties; and development and operation of hotels.
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