Hanking goes ahead with IPO, but Hongguo slumps on debut
Iron ore company China Hanking Holdings was set to price its Hong Kong IPO at the bottom of the price range after the books closed covered at the end of Friday. The company will raise HK$1.15bn ($192.3m) from the deal, but has followed Chinese shoemaker Hongguo in failing to find enough retail demand for its deal.
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