Chine Metal Recycling prices IPO at top of range
Published: 16 Jun 2009 18:04:45 PSTHONG KONG, June 17 - China Metal Recycling, the largest scrap metal recycling company in China, has priced its HK$1.6 billion ($199 million) initial public offering at the top end of the indicated range, according to a source involved in the deal.
Retail and institutional interest was greater than expected, with shares set to price at HK$5.18 per share, the source said. (Reporting by Fion Li)
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