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Shanghai-listed Fuyao Glass plans to raise up to $950 mln in HK offer-IFR

Post Time:Mar 16,2015Classify:Industry NewsView:395

HONG KONG, March 16 (Reuters) - Chinese automotive glass

maker Fuyao Glass Industry Group plans to raise up

to $950 million in a Hong Kong stock offering, IFR reported on

Monday, citing people familiar with the plans.

The Shanghai-listed company plans to offer about 439 million

new shares in an indicative range of HK$14.80 to HK$16.80 each,

putting the total deal at up to HK$7.38 billion ($950.48

million), added IFR, a Thomson Reuters publication.

Fuyao Glass, whose customers include General Motors Co

and Volkswagen's luxury car brand Audi

, didn't immediately return a Reuters email request for

comment on the stock offering plans.

($1 = 7.7645 Hong Kong dollars)

(Reporting by Fiona Lau of IFR; Writing by Elzio Barreto;

Editing by Michael Perry)

Source: https://ph.news.yahoo.com/shanghai-listed-fuyao-glAuthor: shangyi

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