Chinese circuit-board maker Victory Giant considering Hong Kong listing, sources say
Shenzhen-listed company’s shares have jumped 270 per cent this year
Victory Giant Technology (Huizhou) is considering a listing in Hong Kong that could raise about US$1 billion, according to people familiar with the situation.
The maker of printed circuit boards was working with advisers on a potential second share sale that could take place as soon as this year, the people said, asking not to be identified because the information is private.
Considerations were preliminary, and details such as the size and timing of an offering could change, the people added.
Victory Giant did not respond to requests for comment.
Founded in 2006, the company has traded on the Shenzhen Stock Exchange for about a decade. Its shares are up 270 per cent this year, giving it a market capitalisation of about 134 billion yuan (US$19 billion).