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<IPO>DAJIN (01081.HK) Starts IPO Today; Entry Fee HKD6,706.97; Singapore Sovereign Fund GIC as Cornerstone Investor
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DAJIN (01081.HK), a core offshore wind power equipment supplier already listed on the Shenzhen Stock Exchange, announced details of its Hong Kong IPO. The offer starts today (May 28) and will close at noon next Tuesday (June 2), with listing expected next Friday (June 5).

The company plans to offer 86.9658 million H shares globally, with about 10% for the Hong Kong public offer and about 90% for the international placing. The maximum offer price is HKD66.4 per share. With a board lot of 100 shares, the entry fee is HKD6,706.97 per lot.

The company introduced cornerstone investors including Singapore sovereign fund GIC, HHLR Advisors and Hillhouse Investment Management, CPE Juniper, UBS AM Singapore, Eastspring, Pinpoint, ICBC (01398.HK)'s ICBC Wealth Management, Marshall Wace Asia Limited, Millennium, and PSBC (01658.HK)'s PSBC Wealth Management, which collectively subscribed for USD358 million worth of shares.

The IPO is expected to raise net proceeds of approximately HKD5.617 billion.
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