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Lvkon Transmission Prices Shenzhen IPO

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Suzhou Lvkon Transmission Technology (SHE:301655) determined the offering price for its initial public offering on the Shenzhen Stock Exchange, according to a Friday bourse filing.

The offering price was set at 8.50 yuan per share.

The supplier of electric drive systems for new energy commercial vehicles plans to issue 68.3 million shares, with 20.5 million shares included in the initial strategic placement. The shares in the initial strategic placement represent 30% of the total shares offered.

The date for the online and offline subscription is set on Aug. 10.

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