APT Electronics (HKG:2551) launched its initial public offering in Hong Kong that seeks to raise as much as HK$121.3 million.
The electronic products company, which provides intelligent vision products and system solutions, is offering 33,600,000 shares at an indicative price of HK$3.61 apiece.
The issuer expects to disclose the allocations on Nov. 7. It will then start trading on the Hong Kong bourse on Nov. 8, according to a Thursday filing.
Proceeds from the deal will be used to expand production capacity, establish an R&D center, work on the R&D team, and meet general working capital needs, the filing said.
CITIC Securities, GF Securities (Hong Kong), Sinolink Securities HK, BOCI, and several others are the joint bookrunners of the IPO.
Price (HKD): $68.97, Change: $+0.36, Percent Change: +0.52%
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