HONG KONG, April 23 WH Group Ltd has cut the
number of shares in its Hong Kong initial public offering,
reducing the size of the deal to up to $1.88 billion from the
$5.3 billion originally planned, according to a term sheet seen
by Reuters on Wednesday.
The company is offering 1.299 billion new shares, down from
the 3.65 billion new and existing shares in its original plan.
The price range of HK$8.00 to HK$11.25 per share ($1.03-$1.45)
The IPO is slated to be priced on April 29, with the shares
debuting on the Hong Kong stock exchange on May 8, according to
the term sheet.
($1 = 7.7527 Hong Kong Dollars)
(Reporting by Elzio Barreto; Editing by Miral Fahmy)