Fuyao Glass taps China Merchants, UBS for $500 mln HK offer-IFR

Date: 5 December 2013
Source: http://www.reuters.com

Date: 5 December 2013

Shanghai-listed Fuyao Glass Industry Group Co Ltd. plans to raise about $500 million with a Hong Kong share offering in the first half of 2014.

The automotive glass manufacturer has mandated China Merchants Securities and UBS to handle the listing.It plans to use proceeds from the offering to build glass production bases, research and development platforms and to repay loans, among other things.Shanghai-listed Fuyao Glass Industry Group Co Ltd. plans to raise about $500 million with a Hong Kong share offering in the first half of 2014.  

The automotive glass manufacturer has mandated China Merchants Securities and UBS to handle the listing.

It plans to use proceeds from the offering to build glass production bases, research and development platforms and to repay loans, among other things.
600450 Fuyao Glass taps China Merchants, UBS for $500 mln HK offer-IFR glassonweb.com

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