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HONG KONG Dec 10 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
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)