China’s Zhejiang Sanhua Intelligent Controls intends to raise up to HK$8.12 billion ($1.03 billion) in its Hong Kong listing, according to a filing with the exchange on Friday.
The company, a developer of environment-friendly thermal management solutions, is offering 360.3 million H-shares at a maximum offer price of HK$22.53 each.
It operates in two main segments – refrigeration and air conditioning components, and automotive parts.
Dual listing in Hong Kong by mainland-listed companies has increased recently, signaling a renewed appeal of the stock market.
The latest company to apply for a secondary listing in Hong Kong was soy sauce maker Foshan Haitian Flavouring and Food Co, which is seeking to raise up to HK$9.56 billion.
($1 = 7.8489 Hong Kong dollars)
Reuters
