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CSC Financial kicks off order-taking for $1.1bn IPO
State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.
The H-shares are going for HK$6.36-HK$7.26 apiece, with the 1.13bn shares in the base deal to raise HK$7.19bn-HK$8.21bn. The share sale, which makes up 15.8% of CSC’s enlarged capital base, comprise 1.08bn primary shares and 53.82m secondary shares from China’s National Social Security Fund.
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