Pentamaster International (01665) said its retail offering was over-subscribed by about 8.63 times and the placing was moderately over-subscribed.
The offer price has been determined at HK$1 per share, the medium level of the indicative price range of HK$0.9 to HK$1.1. The estimated net proceeds amount to about HK$171.3 million.
Dealings in shares of Pentamaster International are expected to commence tomorrow morning, with a board lot size of 4,000 shares each.
Pentamaster International, headquartered in Penang, Malaysia, provides automation technology and solutions to multinational manufacturers in the semiconductor, telecommunications, consumer electronics and automotive sectors spanning APAC, North America and Europe.
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