Uni-President China prices $477 mln IPO at mid-range
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HONG KONG Dec 10 (Reuters) - Uni-President China Holdings Ltd raised US$477 million by pricing its Hong Kong initial public offering at the middle of an indicated range, a source familiar with the deal said on Monday.
The company, which is a spin-off from leading Taiwan good conglomerate Uni-President Enterprises (1216.TW), sold 881.72 million shares, or 25 percent of its enlarged share capital, at HK$4.22 each, compared with a designated range of HK$3.75-HK$4.68 each.
The institutional portion has been more than 10 times covered, the source added.
The deal was being sponsored by UBS (UBSN.VX) (UBS.N) and Morgan Stanley (MS.N).
(Reporting by Kennix Chim, editing by Ken Wills)
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