Car maker AviChina to boost retail portion of IPO - source


HONG KONG, Oct 24 (Reuters) - China's largest mini-car and helicopter maker, AviChina Industry & Technology Co Ltd, will sell more shares to the public after the retail portion of its IPO was over 150 times covered, a banking source said on Friday. The company will allocate 50 percent of its initial public offering shares to retail investors in Hong Kong, up from 10 percent initially, the source said. AviChina is raising up to HK$1.93 billion (US$247.44 million) from a stock listing ...

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