HONG KONG, Oct 30 (Reuters) - Shares in AviChina Industry & Technology Co Ltd were indicated at HK$1.40 in the pre-open session of their Hong Kong trading debut on Thursday, 15.7 percent higher than their issue price of HK$1.21 each.
China's biggest mini-car and helicopter maker raised HK$1.935 billion (US$248.08 million) from its initial public offering, one of the largest in Hong Kong so far this year.
The deal, sponsored by BOC International and ING Bank, makes AviChina the first offspring of China's military conglomerates to sell shares to the public.
The company is the civil unit of Chinese defence conglomerate Aviation Industry Corp of China II (AVIC II).
(US$1=HK$7.8)