TeleEye once surges by 1.7 times to HK$1.62

After opening at HK$1.19, TeleEye Holdings Ltd. (8051) continued to surge to HK$1.62 at one time, up 1.7 times. The stock recently stood at HK$1.57, rising by 1.617 times, transaction amounting to 42.47 mln shares. TeleEye received 110.5 times subscription for its open offer and received a whole subscription for its placement. TeleEye issued 50 mln shares together, 8 mln shares of which were for open offer and rest 42 mln shares were for placement. The issue price was set at HK$0.6 and HK$30 mln were expected to be raised .

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