December 10, 2007 / 12:26 AM / 10 years ago

Uni-President China prices $477 mln IPO at mid-range

(For an expanded IPO diary, please click <HK/IPOMENU>)

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).

(US$1=HK$7.8)

Reporting by Kennix Chim, editing by Ken Wills

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