WANON International Holdings

WANON International Holdings' public offer was 98.2 times oversubscribed, the company says.

The electronics group, which specialises in cordless phones, offered 66 million shares at $1 a share, with a one-for-five warrants bonus.

The cash subscribed by the public and employees totalled $5.9 billion.

Trading in the shares is set to start on April 19.

Company chief executive Vincent Lau Yin-man said the response signalled that investors were keen on expansion into China.

Wanon International has permission to sell its products into Guangdong province and is seeking similar arrangements in Hebei, Hunan, Hubei, Jiangxi, Fujian and Jiangsu provinces.