China Zhongwang Launches Biggest IPO of Year in HK

China Zhongwang Holdings Ltd., the world's third largest aluminum extrusion products maker, launches its initial public offering (IPO) on Friday in Hong Kong.

The Liaoning-based company plans to sell 1.4 billion new shares at an offer price ranging from 6.80 to 8.80 HK dollars per share.

Zhongwang expects to raise up to HK$ 9.52 billion to HK$ 12.32 billion in its Hong Kong initial public offering, which is, so far, the largest IPO in the world this year and also the largest one in Hong Kong over the past year.

China Zhongwang is also the largest industrial aluminum extrusion products developer and manufacturer in Asia and China. 

Source: CRIEnglish