BRIEF: Sanhua to raise up to $1 billion in Hong Kong IPO

Refrigeration and air conditioning component maker Zhejiang Sanhua Intelligent Controls Co. Ltd. (2050.HK, 002050.SZ) launched its Hong Kong IPO on Friday, aiming to raise up to HK$8.1 billion ($1.03 billion)…
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BRIEF: Zhejiang Sanhua gets CSRC nod for Hong Kong IPO

The Chinese securities regulator approved Zhejiang Sanhua Intelligent Controls Co. Ltd.’s (002050.SZ) application to list in Hong Kong, clearing an important regulatory hurdle for the refrigerator and air condition component…