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HKC Prices Shenzhen IPO at 10.12 Yuan to Raise 7.39 Billion Yuan

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HKC (SHE:001399) priced its initial public offering of 729.8 million shares on the Shenzhen bourse at 10.12 yuan apiece to raise 7.39 billion yuan, according to a notice on the bourse.

Proceeds will fund initiatives to accelerate new technology development and expand production capacity in next-generation display technologies as well as boost capital and repay loans.

Offline subscription payment and online subscription are scheduled on Friday.

The technology company specializes in semiconductor displays.

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