Hong Kong-based World Wide Touch Technology recently launched its US$105 million initial public offering of 86.1 million shares on the main board of the Hong Kong Stock Exchange. The offering was oversubscribed by 18 times and funds raised from it will be used to purchase and upgrade production equipment, finance research and development and facilitate potential future expansion. The sole bookrunner and sponsor was CMB International Capital and the joint lead managers were CMB International Capital and Haitong International Securities.
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