By Twinnie Siu
The unit, which makes industrial robots, plans to issue up to 10 per cent of its enlarged share capital.
M17 Entertainment is seeking to raise a total of $115 million in a proposed initial public offering (IPO) on the New York Stock Exchange.
The State Capital Investment Corporation said it would step up state capital divestment to cover a total of 134 enterprises during the 2018-2020 period
Fullerton and existing investors had sought to raise as much as $202 million in the city-state in 2016.
Hyphens Pharma secured Nikko Asset Management Asia, Qilin Asset Management and Maxi-Harvest Group as cornerstone investors.
China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in a range of $16 billion to $30 billion in a stock sale.
Hong Kong now accepts applications from firms with different share classes as well as from unprofitable biotech businesses, a revision intended to attract earlier-stage developers like Stealth.
The Hong Kong exchange now allows biotech firms to list even if they still have not made profit or revenue.
The company plans to use the proceeds of the IPO for redemption of certain debentures issued by it and for funding acquisitions and other strategic initiatives.
The float will add to a busy pipeline of Chinese tech companies that are seeking to go public this year.