Xingda International placement upsized to $125 million

The upsize option is fully exercised, increasing the size of the deal by 26%.

Xingda International, a Hong Kong-listed Chinese maker of radial tyre cord for trucks, and some of its existing shareholders yesterday raised a combined HK$964.4 million $125 million from a share placement. The Jiangsu-based company's portion of the proceeds will be used to fund the development of existing facilities and new products.

The offering comprised 175.34 million shares, or 11.5% of the enlarged share capital, which were sold at HK$5.50 apiece. The final price was fixed towards the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...