Abstract: Guangdong Dtech Technology launched its Hong Kong IPO at a USD 617m base deal size. CITIC and HSBC are the deal sponsors. We review the deal terms, cornerstone investors, sponsor track records and valuation. We would participate, although the implied A-H premium is above our initiation-note fair-premium view.
DELTON TECHNOLOGY (GUANGZHOU), DAJIN, 1377 HK, DELTON, SANHUA, VGT, VICTORY GIANT TECHNOLOGY (HUIZHOU), SHENZHEN HAN'S CNC TECHNOLOGY, GUANGDONG DTECH TECHNOLOGY, HANS CNC, CIG, MONTAGE TECH, CIRCUIT FABOLOGY MICROELECTRONICS EQUIPMENT, CFMEE
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