China Vehicle Components Technology Holdings Limited (HKG:1269) announced that its offer price has been determined at HK$1.4 per share (which is the lower end of the prospective pricing range of HK$1.4-1.8 per share), at which the net proceeds to be received by the company totalled HK$79.2 million. The stock will be listed tomorrow.

Valid applications for a total of 36.192 million Hong Kong public offer shares were received, representing 4.52 times of the total number of 8 million shares initially available under the Hong Kong public offer.

All who had applied for one board lot of the stock - 2,000 shares - were allotted the shares.

The offer shares initially offered under the international placing were moderately over-subscribed. No re-allocation procedures were carried out.

Source:chinesestock