Star source material seeks to raise up to HK$1.34 billion through a listing in Hong Kong.

According to the documents submitted to the Hong Kong Stock Exchange, Xingyuan Materials plans to issue 149.5 million shares with a maximum price of 8.98 Hong Kong dollars per share. The calculation shows that Xingyuan Materials is expected to raise up to 1.34 billion Hong Kong dollars. It will be listed for trading on June 23, with CITIC Securities as the exclusive sponsor.