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Huaqin Increases Total Shares After Hong Kong Listing

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Huaqin (HKG:3296; SHA:603296) increased its total share capital after listing shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Friday.

The China-based smart hardware products manufacturer earned net proceeds of HK$4.46 billion, listed and offered 58,548,200 shares for HK$77.70 per share on the Hong Kong bourse.

The company's total shares rose to 1,074,280,544 from 1,015,732,344 after the initial public offering.

The company's Shanghai shares rose less than 2% during the morning trade.

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