Baoxin sold 379.3 million shares in the offering at HK$8.50 apiece, the people said, asking not to be identified as the information is private. The company had offered the shares at HK$8.50 to HK$10.80 each, according to the offering prospectus. About 328.7 million shares sold were newly issued by the company, while 50.6 million were existing shares.
To contact the reporter on this story: Fox Hu in Hong Kong at email@example.com
To contact the editor responsible for this story: Mohammed Hadi at firstname.lastname@example.org