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Poly Culture to Finance More from Hong Kong IPO

January 24, 2014

BEIJING , January 24 , SinoCast -- Poly Culture Group Corporation Ltd. , specialized in auction in Mainland China has passed listing hearing but will not kick off road show until after Spring Festival, thus will not start IPO until mid February 2014 . Poly Culture submitted listing application to the Hong Kong bourse in mid September 2013 , planning to finance USD 100 million to USD 200 million or HKD 780 million to HKD 1.56 billion . Financing size may be expected to reach up to USD 500 million because of market turnaround for new stocks. CITIC Securities acted as listing arranger.

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Source: Sinocast Investing & Securities Beat (China)

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