Estun Automation Prices Hong Kong IPO at Low End of Range

MT Newswires Live

03/05

Estun Automation (HKG:2715, SHE:002747) said it priced its initial public offering at HK$15.36 per share, at the low end of its previously disclosed price range of up to HK$17, according to a Hong Kong bourse filing Thursday.

The Chinese industrial robotics company is offering nearly 96.9 million shares to raise funds for the expansion of production capacity and research and development initiatives.

The issuer expects to disclose allocations on March 6 and begin trading on the Hong Kong bourse on March 9.

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