Tian Ge Interactive Holdings and Beijing Urban Construction Design Development Group join a host of other Chinese companies seeking to list in Hong Kong before June-end, with institutional books opening for both deals this week.
Tian Ge Interactive Holdings, a social video platform operator partially owned by Sina Corp, aims to raise up to $208 million by selling up to 304.3 million shares at between HK$4.50 and HK$5.30 per unit. The shares represent 25% of the enlarged share capital, valuing the company at $832 million.
An exercised greenshoe option could tack on an additional 45.6 million shares, all of which are primary. UBS and CICC...
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