News: DELTON's public offering raised HKD 3.18 billion
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DELTON Technology is going public, planning to sell 46 million H shares at HKD 71.88 per share, raising approximately HKD 3.18 billion (about USD 406 million). Subscriptions will close on March 17, and trading will begin on March 20. Twelve cornerstone investors subscribed for USD 190 million worth of shares, accounting for about 45% of the offering size. The company will use about half of the funds for the expansion of its production base in Guangzhou and 20% for the construction of its base in Thailand. DELTON Technology is one of several PCB companies listed on the Shenzhen Stock Exchange and is applying for a secondary listing in Hong Kong
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