Paradise found for China Yongle

Investors love of Chinese consumer plays powers Hong Kong IPO for electronics distributor China Paradise.

Jackie Horne

October 09, 2005

China Paradise, also known as China Yongle, priced its 455.8 million share IPO just off the top its indicative range on Saturday (October 8) after witnessing strong demand. The institutional order book for the $132 million deal closed 19 times oversubscribed and the retail order book 135 times oversubscribed.

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