Record high share price lures TPV Technology to equity market

Hong Kong listed LCD Monitor and TV maker raises $123.5 million from top-up placement.

TPV Technology on Friday raised $958.5 million from a top-up placement $123.5 million on Friday February 24, joining a growing stream of Hong Kong-listed companies that are taking advantage of record high share prices to secure funds.

According to a company statement, 106.5 million existing shares were placed at HK$9 each, which equaled a 6.74% discount to FridayÆs closing price of $9.65. The shares were offered to the market in a range from HK$9 to HK$9.35....

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