everbright securities international sponsors china vehicle components technology listing on hkex
23 november 2011, hong kong – everbright securities international limited (“everbright securities international”) has announced china everbright financing limited has been appointed as the global sponsor for the listing of china vehicle components technology holdings limited (hkse: 1269) on the hong kong stock exchange. china everbright securities (hong kong) and bank of communications international securities will serve as global coordinators, joint bookrunners and joint lead managers. the first day of trading closed at hk$1.79, 28% higher than the offer price.
china vehicle components technology is the fourth-largest manufacturer of shock absorbers in china. the company plans to attract new customers and expand its new product range following the listing, aiming to enhance its market share and extend its footprint to overseas markets (e.g. europe and north america) to become the component supplier of choice for overseas car makers.
everbright securities international is the subsidiary of everbright securities co., ltd. (shse: 601788) and also an affiliate of everbright (hkse: 165). the company has been in the enterprise financing and investment banking businesses since 1997. it also provides securities trading services to institutions and the public. its investment banking team managed the listing of china datang corporation of renewable energy (hkse: 1798), flyke int’l (1998), tian shan development (hkse: 2118), china new economy fund ltd (hkse: 80), dragon crown group (hkse: 935) and credit china (hkse: 8207).
