HONG KONG, Oct 28 (Reuters) - Tonic Industries Holdings plans to raise up to $280 million in a Hong Kong shareoffering to fund part of an acquisition, according to a termsheet of the deal seen by Reuters on Monday.
The company is offering 939.8 million new shares in anindicative range of HK$2.05-$2.30, putting the total deal at upto HK$2.16 billion. The price is equivalent to a discount of upto 22.3 percent to Monday's close of HK$2.64.
China Merchants Securities, Citigroup and GoldmanSachs will act as joint bookrunners of the deal.
- Mergers, Acquisitions & Takeovers