Companies

NVC Lighting opens at IPO price on HK debut

(Xinhua)
Updated: 2010-05-20 11:49
Large Medium Small

HONG KONG - Shares of NVC Lighting opened at HK$2.1 (26.9 US cents) on Thursday on its debut at the Hong Kong stock exchange, the same as its price of the initial public offering (IPO).

Related readings:
NVC Lighting opens at IPO price on HK debut NVC Lighting raises HK$1.37b from HK IPO
NVC Lighting opens at IPO price on HK debut Goldwind says China regulator approves HK listing
NVC Lighting opens at IPO price on HK debut Tian Yuan puts off its $450m Hong Kong IPO
NVC Lighting opens at IPO price on HK debut Sany Heavy mulls Hong Kong IPO

NVC Lighting, one of the Chinese mainland's leading suppliers of lighting products, said Wednesday that its IPO price was determined at HK$2.1 per share and the net proceed of its IPO was about HK$1.37 billion.

In a statement filed to the Hong Kong stock exchange, NVC Lighting said its shares in the public tranche were almost 39 times oversubscribed and the final number of new shares for global offering was 218.26 million. While shares for the international placing amounted to 509.28 million.

NVC Lighting, founded in 1998, is based in South China's Guangdong province.