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Article: Hong Kong securities officials hold hearing on ZTE's IPO application for HK Stock Exchange.
- Article from:
- China Business News
- Article date:
- November 15, 2004
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Hong Kong securities officials hold hearing on ZTE's IPO application for HK Stock Exchange
Shanghai. November 15. INTERFAX-CHINA - Hong Kong Stock Exchange authorities have conducted a hearing to discuss ZTE's application to list H-shares on the exchange. The company is now awaiting approval from the exchange, which might take several weeks or even several months, an official with ZTE's Securities Department, who wished to remain anonymous, told Interfax.
ZTE plans to issue up to 160 mln in its IPO on the Hong Kong Stock Exchange, which would represent 20% of the company's share capital.
Approximately 60% of funds raised through the listing will ...