Shanshui Cement says IPO retail tranche 2.15 times subscribed

Shanshui Cement says IPO retail tranche 2.15 times subscribed
Published: 03 July 2008

China Shanshui Cement Group Ltd, the country’s second largest cement maker, said the retail tranche of its initial public offering (IPO) in Hong Kong was 2.15 times subscribed. The international tranche was moderately oversubscribed, it added. It priced the IPO at HK$2.8/share, near the low end of its indicated range of HK$2.70-3.65. The company raised HK$1.82bn by selling 650.8m shares.