Post Time:Mar 16,2015Classify:Industry NewsView:494
HONG KONG, March 16 (Reuters) - Chinese automotive glass
maker Fuyao Glass Industry Group plans to raise up
to $950 million in a Hong Kong stock offering, IFR reported on
Monday, citing people familiar with the plans.
The Shanghai-listed company plans to offer about 439 million
new shares in an indicative range of HK$14.80 to HK$16.80 each,
putting the total deal at up to HK$7.38 billion ($950.48
million), added IFR, a Thomson Reuters publication.
Fuyao Glass, whose customers include General Motors Co
and Volkswagen's luxury car brand Audi
, didn't immediately return a Reuters email request for
comment on the stock offering plans.
($1 = 7.7645 Hong Kong dollars)
(Reporting by Fiona Lau of IFR; Writing by Elzio Barreto;
Editing by Michael Perry)
Source: https://ph.news.yahoo.com/shanghai-listed-fuyao-glAuthor: shangyi