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Tonic Industries Holdings Ltd Plans Up To HKD2.16 Billion HK Offering-Reuters


Monday, 28 Oct 2013 05:05am EDT 

Reuters reported that Tonic Industries Holdings Ltd plans to raise up to $280 million in a Hong Kong share offering to fund part of an acquisition, according to a term sheet of the deal seen by Reuters. The company is offering 939.8 million new shares in an indicative range of HKD2.05-HKD2.30, putting the total deal at up to HKD2.16 billion. The price is equivalent to a discount of up to 22.3% to Monday's close of HKD2.64. China Merchants Securities, Citigroup C.N and Goldman Sachs GS.N will act as joint bookrunners of the deal. 

Company Quote

1.05
0.0 +0.00%
11 Jul 2014