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.

A number of investors are said to have jumped at the opportunity to buy shares in bulk in one of the worldÆs leading manufacturers of computer monitors and LCD TVs. The order book is said...
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