Hong Kong IPOs Aim to Raise Up to $270 Million: Launch Set for Monday

SYDNEY (Cryptonesia) - China's Hainan Drinda New Energy Technology plans to raise as much as $234 million through a stock offering in Hong Kong, as stated in regulatory documents filed on Monday.

The company listed in Shenzhen is offering to sell 64.4 million shares at a price ranging from HK$20.40 to HK$28.60 per share, according to the documents filed.

Within this range, Hainan Drinda, which specializes in developing and producing photovoltaic cells, aims to secure between $167 million and $234 million.

Separately, tea beverages firm Auntea Jenny made an initial public offering in Hong Kong aiming to raise as much as $35 million, according to their filings.

(Reported by Scott Murdoch; Edited by Kim Coghill)