Xinchen China’s Hong Kong IPO draws strong retail appetite

The automotive engine manufacturer raises $90 million from its Hong Kong offering, while an upsized block trade in China Longyuan raises $135 million.
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Engine-maker Xinchen is a spin-off from Brilliance China
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<div style="text-align: left;"> Engine-maker Xinchen is a spin-off from Brilliance China </div>

Xinchen China Power Holdings, a manufacturer of light-duty gasoline and diesel engines, has raised HK$698.9 million ($90 million) from its initial public offering in Hong Kong, after pricing slightly above the bottom of the indicative range.

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