BEIJING, July 25 (Xinhua) -- China Tower Corporation Limited is scheduled to get listed on the Hong Kong Exchanges (HKEX) on August 8.
According to a company filing, it plans to sell 43.1148 billon H-shares with offering price at 1.26 HK dollars -1.58 HK dollars per share.
The company will raise a maximum of 68 billion HK dollars via the IPO, likely to be the biggest IPO case on the HKEX within this year.
China Tower Corporation Limited said that 60 percent of raised capital would be used for the company’s infrastructural construction, 30 percent for repaying bank loans that have been used to finance capital expenditures and working capital, and the rest 10 percent for working capital and other general corporate purposes. (Edited by Ma Xin, maxin11@xinhua.org)
A single purchase
