Chinese Oil Energy 6% Lower Subscription Price of HKD 1.23
OREANDA-NEWS. December 23, 2011. China Oil Energy announced the results of the prospectus, the IPO received 263 valid applications to subscribe for 202.6 million shares, the number of shares available for subscription only 6%, subscription-hand (2000 shares) in the success rate of 100 % International Placing some minor super shopping, after adjustment, placing the number of shares is accounted for 99.4% of total issuance.
The stock price 1.23 yuan, its IPO price range of 1.23 to 1.63 yuan lower, the net proceeds of approximately 349.4 million yuan. The stock is expected tomorrow (December 23) listing sponsor Morgan Stanley man.
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