Tongrentangcare Targets Up to HK$671.6 Million in Hong Kong IPO

Deep News06-26

According to a filing submitted to the Hong Kong Stock Exchange, Beijing Tongrentangcare Investment Co., Ltd. is offering 108 million shares in its Hong Kong public offering, with a price range set between HK$5.48 and HK$6.21 per share.

Calculations based on this indicate the company is expected to raise a maximum of HK$671.6 million.

Trading of the shares is anticipated to commence on July 7th.

China International Capital Corporation (CICC) is acting as the sole sponsor for the listing.

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