SYDNEY : Shanghai-based Horizon Construction Development Ltd plans to price its IPO shares at the bottom of their marketed range, according to two sources with direct knowledge of the matter.The provider of construction services will raise HK$1.65 billion ($210.2 million), pricing the offering at HK$4.52
SYDNEY : Shanghai-based Horizon Construction Development Ltd plans to price its IPO shares at the bottom of their marketed range, according to two sources with direct knowledge of the matter.
The sources declined to be identified as the information has yet to be made public. Horizon declined to comment. Horizon is being spun off from financial services provider Far East Horizon Ltd which will retain a 71.7 per cent stake.
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