China Aluminum International Engineering Corp Chalieco kicked off the management roadshow yesterday for an initial public offering that is targeting to raise between HK$1.43 billion and HK$1.72 billion $184 million to $221 million.
Despite the initial euphoria following Greece’s elections at the weekend, market sentiment remains generally cautious and Chalieco launched the deal only after securing a group of cornerstone investors who will take up $100 million worth of shares. The six Chinese investors, who will be subject to a lock-up period of six months, include Seventh Metallurgical Construction, which is investing $35 million.
On top of that, there was also enough anchor demand...
¬ Haymarket Media Limited. All rights reserved.
