BBMG offer 773 times oversubscribed

PUBLISHED : Tuesday, 28 July, 2009, 12:00am
UPDATED : Tuesday, 28 July, 2009, 12:00am

The initial public offering of BBMG Corp on the Hong Kong main board has been oversubscribed by 773 times. As a result of the oversubscription, the clawback mechanism was triggered, increasing the number of shares available under the retail tranche to 466.67 million. The final offer price of Beijing's largest cement supplier has been set at HK$6.38 per share, the top end of the indicative price range. The net proceeds from the global share offering amount to HK$5.575 billion. Trading of the shares will start tomorrow.


Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.