Financial Times FT.com

Companies scramble to raise cash in HK

By Justine Lau in Hong Kong

Published: October 21 2009 07:24 | Last updated: October 21 2009 07:24

Seven China-focused companies are braving Hong Kong’s cooling initial public offering market this week despite a string of disappointing debuts recently, as they scramble to raise as much as $2.8bn in total.

On Wednesday, Comtec Solar, a solar-cell parts maker, Trinity, a men’s wear retailer, and three property developers – Yuzhou Properties, Excellence Real Estate and Mingfa – began offering shares worth a total of $1.9bn.

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