Neolink Cyber prices deal

Neolink Cyber Technology, a radio systems and internet services provider, has priced its 140 million share IPO at HK$0.43, the upper end of its target range.

Neolink Cyber Technologies, a radio systems and internet services provider, has priced the shares in its initial public offering at HK$0.43 each to raise HK$60.2 million $7.7 million to research and develop its digital radio trunking business for the Chinese market.

The Hong Kong-based company, which provides internet services and sells radio systems to transportation companies, plans to sell 140 million shares, or 25% of its equity, to institutions and list them on Hong Kong's Growth Enterprise Market. It has set aside an overallotment option of 21 million shares. The company made a profit in 1999 of HK$5.16 million, down 48% from HK$9.96 million in 1998. Its revenue in 1999...

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