Sanhuan Group seeks to raise up to HK$7.16 billion through a Hong Kong listing.

According to the documents submitted to the Hong Kong Stock Exchange, Chaozhou Sanhuan Co., Ltd. plans to issue 71 million shares for its Hong Kong IPO, with a maximum offering price of 100.30 Hong Kong dollars per share. The company aims to raise up to 7.16 billion Hong Kong dollars. It is expected to be listed on July 9th. China Galaxy International is the sole sponsor for the offering.