Tak Shun plans to raise HK$47 million in IPO

Tak Shun Technology Group Ltd. (1228), a calculator manufacturer, said it seeks to raise HK$47 million in net proceeds by listing its shares on the main board. The company is selling 120 million shares at 50 HK cents each, representing a weighted average prospective price/earnings multiple of 4.4 times. Of the shares on offer, 96 million shares, or 80 percent of the total, will be placed to institutional investors and the remaining 24 million shares will be sold to retail investors.

Related stock : (1228)