Car maker AviChina raises HK$1.93 bln from IPO -source

Newswire

HONG KONG, Oct 27 (Reuters) - China's largest mini-car and helicopter maker, AviChina Industry & Technology Co Ltd, raised HK$1.934 billion (US$248 million) from an IPO after it was priced at the top of an earlier stated range, a banking source said on Monday. The stock listing, one of the largest on the Hong Kong market this year, makes the company the first offspring of China's military conglomerates to sell shares to the public. The deal drew strong demand from retail investors, ...

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