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Huaqin Technology Prices Hong Kong IPO to Raise Up to HK$4.6 Billion

-- Huaqin Technology (HKG:3296, SHA:603296) set the offer price for its Hong Kong initial public offering at HK$77.70 per share, according to a Tuesday Hong Kong bourse filing.

The China-based smart hardware products manufacturer is offering 58.5 million Hong Kong-listed shares, seeking to raise up to about HK$4.55 billion from the deal.

The company expects to announce the results of the international offering and the Hong Kong public offering, along with allocation details, on Wednesday.

Trading in the shares is scheduled to begin on Thursday, with shares to be traded in board lots of 100.

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