Shares & Derivatives
Trans-China Automotive Holdings Limited – Balloting Results
By Mr. IPO  •  November 10, 2021
Trans-China announced that its public tranche was 8x subscribed but on an overall basis, 1.2x subscribed. The balloting table is presented below and you can see that all investors who applied, received something. Investors who apply for 100,000 shares will receive around 10,000 allocation. It is good to know that reputable asset managers such as Aberdeen, Templeton and Pheim are participating in this issuance. As such, I would expect the debut to be well supported tomorrow, despite the low subscription rate. Good luck to those who applied! Vroom vroom!!...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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