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Services :: Financial
Report: Tianhe Chemicals planning IPO in Hong Kong
2:48 PM MDT | June 3, 2014 | Vincent Valk
Lubricating oil additives and fluorochemicals maker Tianhe Chemicals (Jinzhou, China) is planning an IPO worth $636-$818 million, according to a Reuters report. The company plans to list on the Hong Kong stock exchange. Shares, of which 72.5% will be derived from new issuance and the rest from existing shareholders, will be priced between 1.75 Hong Kong dollars (23 cts) and 2.25 Hong Kong dollars each. Tianhe considered listing its shares in London 2011, but the company opted to list in Hong Kong because that market has a bigger appetite for Chinese stocks, the...
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