Chu Kong Pipe seeks capital to expand its production. Meanwhile, China Oil and Gas tapped the market for $80 million last night through a top-up placement at a 16.7% discount.
Undeterred by the weakening sentiment for global equities, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings kicked off an institutional roadshow yesterday for an initial public offering that seeks to raise between HK$1.35 billion and HK$1.85 billion ($174 million to $239 million).
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