Hipine Delays Hong Kong IPO After Typhoon Signal No. 10 Issued

MT Newswires Live

09/24

Shenzhen Hipine Precision Technology (HKG:2583) has postponed its Hong Kong initial public offering after a No. 10 typhoon signal was issued in the city, according to a Wednesday Hong Kong bourse filing.

Under the revised timetable, pricing is set for Friday, allotment results will be published on Sept. 29, and trading will begin on Sept. 30.

The gold-case watchmaker launched its offering last week, seeking to raise up to HK$313.8 million.

The shares were originally scheduled to be priced on Thursday, with allotment results on Friday, and make their trading debut on the exchange on Sept. 29.

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