| From China Knowledge: China Zhengtong Auto Services Holdings Ltd has raised US$470 million from an initial public offering in Hong Kong. Investors include China Investment Corp, the country's US$300-billion sovereign wealth fund manager, Temasek Holdings Pte Ltd, Singapore's sovereign wealth fund.
According to the source, the company, which is scheduled to list on the Hong Kong Stock Exchange on Dec. 10, issued 500 million shares for HK$7.30 apiece, a price in the middle of the indicative price range between HK$6.80 and HK$8.60..............................................Full Article: Source
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