Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

China’s Wastewater Service Provider Delays HK$104M Hong Kong IPO

Published 11/14/2018, 01:43 AM
Updated 11/14/2018, 01:43 AM
© Reuters.

Investing.com - China’s wastewater service provider Til Enviro Limited has postponed its IPO date from Nov. 19 to Nov. 29, the company announced on Wednesday.

The company has also set the determined offer price per share to HK$0.58, within a revised price range between HK$0.5-0.599. The new price is lower than the original price range between HK0.6-0.8 per share.

The Cayman Islands-registered company expects to raise about HK$104.4 million in its IPO.

Til Enviro said in its prospectus that it plans to use 80% of the funds on “upgrading and expansion works,” while it will spend 10% of the proceeds on its new treatment projects in Ningxia and other regions in China. The remaining 10% will go to enhancing its wastewater monitoring system and other corporate matters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.