Dongshan Precision seeks to raise up to HK$10.7 billion in Hong Kong listing

According to a Hong Kong Stock Exchange announcement, Suzhou Dongshan Precision Manufacturing Co., Ltd. plans to issue approximately 113.8 million shares in Hong Kong at a maximum offer price of HK$93.80 per share. Based on calculations, the company is expected to raise no more than HK$10.7 billion and is expected to begin trading on October 28. Cornerstone investors include Aurora SF, Yonglian Investment, Morgan Asset Management, and Alibaba Investment. UBS Group, Guotai Haitong Securities, GF Securities, and CITIC Securities are joint sponsors.