Shanghai Dazhong launches H-share offering

Gas supplier opts to push ahead with deal in latest vote of confidence for Hong Kong’s stock market. More will follow as US election shockwaves continue to subside.
Shanghai Dazhong is the largest gas supplier in Shanghai
Shanghai Dazhong is the largest gas supplier in Shanghai

Shanghai Dazhong Public Utilities launched a H-share offering in the $207 million to $262 million range on Monday, putting it on course to be the fourth company to list in Hong Kong since Donald Trump's US election victory put global markets in a spin.

Chinese fast food retailer Zhou Hei Ya and energy conservation company Datang Environmental Industry have floated their shares since November 8, while generator manufacturer VPower is set to debut on Thursday.

Apart from Shanghai Dazhong, China Securities and FIT Hon Teng have also started pre-deal investor education and both aim to complete their flotations by year-end. Smartphone manufacturer Meitu is...

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