Hainan Drinda New Energy Technology is aiming to raise up to US$234 million in a Hong Kong listing, according to regulatory filings on Monday.
The Shenzhen-listed firm is selling 64.4 million shares in a price range of HK$20.40 to HK$28.60 each, the filings showed.
In that range, Hainan Drinda, a photovoltaic cells developer and producer, will raise US$167 million to US$234 million.
Separately, tea drinks company Auntea Jenny launched its initial public offering in Hong Kong to raise up to US$35 million, its filings showed.
The company will sell 2.41 million shares in the deal in a price range of HK$95.57 to HK$113.12 each, according to its filings.
Hong Kong’s Hang Seng Index has fallen 5 percent so far in April, but is up 9 percent for the year. (Reuters)
