Air Conditioner Provider AUX Electric Fell 2% In HK IPO Grey Market Trading
Tiger Newspress
Sep 01
Air conditioner provider AUX ELECTRIC fell 2% in HK IPO grey market trading.
Best known for its consumer electronics, AUX Electric is making waves by offering over 207 million shares at HK$16.00 to HK$17.42 each.
Backing from heavyweights like China Post Life Insurance and PSBC Wealth Management—who’ve committed $124.3 million—shows solid institutional confidence.
The expected HK$3.29 billion in proceeds will be channeled into research, next-gen manufacturing, and strengthening the supply chain, plus shoring up sales and working capital.
With China International Capital Corporation and Orient Securities leading the offering, the focus is clear: innovation, operational efficiency, and expansion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.