<Economic Information Daily, 20th Exclusive> PCB-related stocks generally rose, Sunway Technology (02476) gained 7.5% to HK$162.50, Kingboard Laminate (01888) rose 4.4% to HK$41.20, Kingboard Holdings (00148) climbed 2.3% to HK$49.50, Guanghe Technology (01989) advanced 2.6% to HK$85.50.
Mainland PCB manufacturer Dongshan Precision (02384) (Shenzhen: 002384) opens public subscription today until Friday (23rd), planning to globally offer around 113 million shares, with approximately 10% offered in Hong Kong and the remainder for international placement. The offering price is set at HK$93.80 per share, raising up to HK$10.673 billion. Each lot consists of 100 shares with a minimum investment of HK$9,474.59. The company is expected to list next Wednesday (28th). Joint sponsors are UBS Group, Cathay Capital HT, GF Securities, and CITIC Securities.
The cornerstone investor lineup is impressive, including Alibaba Investment, a wholly-owned subsidiary of Alibaba (09988), Morgan Asset Management (Asia Pacific) Limited, Jump Trading, Jane Street, Tianhong Fund, New China Asset Management, Orient Asset Management, and Jinnuo Integrated (02249), among 20 companies. They collectively subscribed US$680 million (approximately HK$5.337 billion), equivalent to 56.8916 million shares based on the offering price, representing about 2.92% of the total issued share capital immediately after the global offering (assuming no exercise of the allotment adjustment right and over-allotment option).
Currently, the Hang Seng Index stands at 23,967, down 219 points or 0.9%. Board turnover exceeds HK$99.3 billion. The Hang Seng China Enterprises Index is at 8,060, down 68 points or 0.8%. The Hang Seng Tech Index is at 4,062, down 45 points or 1.1%.
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Mainland PCB manufacturer Dongshan Precision (02384) (Shenzhen: 002384) opens public subscription today until Friday (23rd), planning to globally offer around 113 million shares, with approximately 10% offered in Hong Kong and the remainder for international placement. The offering price is set at HK$93.80 per share, raising up to HK$10.673 billion. Each lot consists of 100 shares with a minimum investment of HK$9,474.59. The company is expected to list next Wednesday (28th). Joint sponsors are UBS Group, Cathay Capital HT, GF Securities, and CITIC Securities.
The cornerstone investor lineup is impressive, including Alibaba Investment, a wholly-owned subsidiary of Alibaba (09988), Morgan Asset Management (Asia Pacific) Limited, Jump Trading, Jane Street, Tianhong Fund, New China Asset Management, Orient Asset Management, and Jinnuo Integrated (02249), among 20 companies. They collectively subscribed US$680 million (approximately HK$5.337 billion), equivalent to 56.8916 million shares based on the offering price, representing about 2.92% of the total issued share capital immediately after the global offering (assuming no exercise of the allotment adjustment right and over-allotment option).
Currently, the Hang Seng Index stands at 23,967, down 219 points or 0.9%. Board turnover exceeds HK$99.3 billion. The Hang Seng China Enterprises Index is at 8,060, down 68 points or 0.8%. The Hang Seng Tech Index is at 4,062, down 45 points or 1.1%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Sunway Technology (02476) | 162.5 | Up 7.54% |
| Kingboard Laminate (01888) | 41.2 | Up 4.36% |
| Kingboard Holdings (00148) | 49.5 | Up 2.32% |
| Guanghe Technology (01989) | 85.5 | Up 2.64% |
| Kingboard Electronics (03228) | 69.95 | Down 1.48% |
