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.
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