minth-leads-wave-of-small-cap-placements

Minth leads wave of small cap placements

The Chinese auto parts maker raises $200 million after strong demand allows the deal to be upsized by 50%.
Chinese auto parts manufacturer Minth Group raised HK$1.56 billion $200 million late last week from a top-up placement that represented the largest among a string of equity fund raisings by Hong Kong-listed companies.

The deal, which was completed late Thursday, was increased by 50% from the intended size after several large investors in all three major regions expressed interest in buying a significant portion of the offering. This lifted the total deal size to 15% of the existing share capital, or 124.5 million shares. The initial offer consisted of 83 million shares.

ôThis is a stock that historically has been extremely illiquid so it made sense for them to sell more when the demand...
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