EACON Group Prices Hong Kong IPO at Top of Offer Range, to Raise HK$2.30 Billion

MT Newswires Live09:36

EACON Group (HKG:7687) priced its Hong Kong initial public offering at HK$87.92 per share, at the top end of its HK$81.16 to HK$87.92 offer price range, according to a Tuesday filing with the Hong Kong stock exchange.

The company provides autonomous haulage products for the mining sector.

EACON Group will issue 26.13 million shares, which include 2.61 million shares for the Hong Kong offering and 23.52 million shares for the global offering, raising about HK$2.30 billion before expenses and any exercise of the over-allotment option.

The company will have 147.87 million issued shares upon listing, before exercise of the over-allotment option. Trading is scheduled to begin on the Hong Kong Stock Exchange on July 8.

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