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Market Chatter: Chaozhou Three-Circle Targets Up to $1 Billion in Hong Kong IPO

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-- Chaozhou Three-Circle (SHE:300408) is planning a Hong Kong listing that could raise as much as $1 billion, Reuters reported Monday, citing people familiar with the matter.

The Shenzhen-listed electronic components maker is awaiting clearance from the China Securities Regulatory Commission, the report said.

The offering is expected to proceed soon after approval, potentially by late June, the report added.

Three-Circle and the deal's sole sponsor, China Galaxy International, did not respond to comment requests from the news agency.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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