Greenshoe

Lacklustre demand for China Telecom's scrip

Shares in fixed-line giant China Telecom edged down as much as 1.4 per cent after the company announced the over-allotment option to its recent global offering was only 41.6 per cent exercised.

Tuesday, 17 December, 2002, 12:00am

Monitor

A PROSPECTUS FOR a new issue on the stock market is an awkward thing. It is the formal and binding document that fully describes an offering but it requires that a price be fixed and that a signature go into the blank space immediately below the underwriting agreement.

28 Jun 2002 - 12:00am

Impressive debut

Jilin Province Huinan Changlong Bio-Pharmacy made an impressive debut on the Growth Enterprise Market yesterday. Its shares closed at HK$1.39, or 2.78 times the initial public offering price of 50 HK cents. Changlong was the first mainland bio-pharmaceutical company to list on the second board. It raised HK$75 million through the placement of 150 million H-shares.

25 May 2001 - 12:00am

SIIC over-allotment exercised

BNP Prime Peregrine Securities, on behalf of the underwriters, has fully exercised the over-allotment option in respect of 32.2 million additional new SIIC Medical Science and Technology (Group) shares. The over-allotment shares, to be issued and allotted at $1.63 each, are expected to be listed tomorrow.

16 Dec 1999 - 12:00am

Drug firm to raise $329.8m

Guangzhou Pharmaceutical Co will try to raise more than $329.8 million through an H-share listing this month, market sources say.

The largest Chinese patent medicine maker and trader is to sell 219.9 million shares before an over-allotment option at between $1.50 and $1.88 each.

4 Oct 1997 - 12:00am

First Tractor issue request

First Tractor Co says its sponsor, Peregrine Capital, has partially exercised an over-allotment option to ask the H-share company to issue another 18 million new shares at the issue price of $4.50 each.

27 Jun 1997 - 12:00am

Resources option exercised

Morgan Stanley & Co International has exercised in full its over-allotment option to subscribe for a further US$22.5 million of 2 per cent convertible guarantee bonds due 2004 in China Resources Beijing Land. The conversion price is $6.30 a share.

30 May 1997 - 12:00am

HSBC in North Star option

H share Beijing North Star Co says its sponsor, HSBC Investment Bank Asia, has exercised the balance of an over-allotment option to issue an additional 64.55 million shares at $2.40 each.

20 May 1997 - 12:00am

China Resources arm plans issue

China Resources Beijing Land, the mainland property arm of China Resources Enterprise, has announced the issue of US$150 million worth of convertible bonds, due in 2004.

25 Apr 1997 - 12:00am

Pacific Ports increases issue

Pacific Ports Co, whose shares make their debut on the stock exchange today, says it has exercised an over-allotment option enabling the issue of an additional 30 million shares.

It said the extra shares, at the same issue price, represented about 3.6 per cent of the enlarged share capital of the company. The sale will yield a net $90.4 million.

25 Apr 1997 - 12:00am

Shum Yip wins big support

The public offer of Shum Yip Investment, the Hong Kong window company of the Shenzhen municipal government, is 438 times subscribed.

Peregrine Capital has exercised the over-allotment option in full, requiring Shum Yip to issue an additional 37.5 million shares at $1.85 each.

4 Mar 1997 - 12:00am

CKI seen to raise $3.48b from listing

Cheung Kong Infrastructure (CKI), the soon-to-be listed infrastructure arm of Cheung Kong (Holdings), has revealed its new share issue may be priced between $11 and $12.65 each.

11 Jun 1996 - 12:00am

Stabilisation should be written into law

EYEBROWS were raised recently when the underwriters to the Shanghai Petrochemical issue reserved the right to stabilise the price of the company's shares, contrary to the accepted orthodoxy that stabilisation is illegal in Hong Kong.

2 Aug 1993 - 12:00am