MT Newswires Live10:12
Hangzhou Grascent (SHE:301688) priced its initial public offering of 33.3 million shares at 26.33 yuan apiece to raise up to 877.7 million yuan in gross proceeds, according to a Friday filing with the Shenzhen bourse.
Proceeds from the offering will help boost production capacity, quality control, and research and development.
Changjiang Securities Underwriting & Sponsorship serves as lead underwriter.
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