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FINWIRES

Victory Giant Technology Nets HK$3 Billion From Full Exercise of IPO Over-Allotment Option

-- Victory Giant Technology (HKG:2476, SHE:300476) said the overallotment option of its Hong Kong initial public offering was fully exercised on Wednesday, according to a same-day Hong Kong bourse filing.

The China-based printed circuit board manufacturer expects to raise about HK$3 billion in additional net proceeds.

The exercise involved the issue of 14.4 million additional shares at HK$209.88 each, representing about 15% of the total offer shares available under the global offering.

Dealings in the over-allotment shares are expected to begin on April 27, the filing said.

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