Shengbang Microelectronics plans to raise no more than HK$4.6 billion in its Hong Kong IPO.

According to the announcement submitted to the Hong Kong Stock Exchange, Sanbon Microelectronics is issuing 54 million shares in Hong Kong at a maximum price of 85.20 Hong Kong dollars per share. Calculations show that the company expects to raise no more than 4.6 billion Hong Kong dollars; it is expected to start trading on June 26th. CICC and Huatai International are joint sponsors.