BRIEF: Aux shares slump in Hong Kong trading debut
Shares of Aux Electric Co. Ltd. (2580.HK) fell 5.4% on their first trading day in Hong Kong on Tuesday, as the air conditioner maker raised nearly HK$4 billion ($513 million).…
BRIEF: Aux launches $461 million Hong Kong IPO
Air conditioning maker Aux Electric Co. Ltd. (2580.HK) launched its Hong Kong IPO on Monday, aiming to sell 207 million shares to raise up to HK$3.6 billion ($461 million). Shares…
Aux Electric blows into Hong Kong with IPO application
The air conditioner maker’s low-price strategy has helped it win customers in China, while its OEM model has won over customers abroad Key Takeaways: Aux Electric achieved 20% revenue growth…