Taiwanese invested motorcycle and scooter manufacturer Vietnam Manufacturing and Export Processing Holdings Ltd. (VMEP, 422.HK) intends to issue 227 million shares in a Hong Kong IPO – a first for a Vietnamese company. Offer price for each share would be between HKD 3.61 to 4.64. Share allotment begins Dec. 11 with shares expected to start trading on Dec. 20 under symbol 444.HK. Founded in 1992, VMEP is one of the leading manufacturers of scooter and cub motorbikes in Vietnam. VMEP also produces and sells motorbike/scooter engines and parts.
Motorcycle and Scooter Manufacturers Proceed with HK IPO