Two new IPO listings in HK aim to raise US$270m - RTHK
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Two new IPO listings in HK aim to raise US$270m

2025-04-28 HKT 09:28
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  • Regulatory filings show China tea drinks company Auntea Jenny launched its IPO to raise up to US$35 million. File photo: AFP
    Regulatory filings show China tea drinks company Auntea Jenny launched its IPO to raise up to US$35 million. File photo: AFP
Two stock listings, launching in Hong Kong on Monday, are seeking to raise up to US$270 million.

Hainan Drinda New Energy Technology is aiming to raise up to US$234 million in a Hong Kong listing, according to regulatory filings on Monday.

The Shenzhen-listed firm is selling 64.4 million shares in a price range of HK$20.40 to HK$28.60 each, the filings showed.

In that range, Hainan Drinda, a photovoltaic cells developer and producer, will raise US$167 million to US$234 million.

Separately, tea drinks company Auntea Jenny launched its initial public offering in Hong Kong to raise up to US$35 million, its filings showed.

The company will sell 2.41 million shares in the deal in a price range of HK$95.57 to HK$113.12 each, according to its filings.

Hong Kong's Hang Seng Index has fallen 5 percent so far in April, but is up 9 percent for the year. (Reuters)

Two new IPO listings in HK aim to raise US$270m