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Business

China Literature IPO raises US$1.1bil amid heavy demand

HONG KONG: An IPO for China Literature, Tencent Holdings’ online publishing arm, has raised US$1.1bil with the retail portion gathering demand that was 625 times the number of shares on offer, setting the stage for a sterling debut today.

Business

Tencent unit China Literature launches up to US$1.1bil HK IPO

HONG KONG: China Literature Ltd, China’s largest online publishing and e-book company, launched an initial public offering for up to US$1.1bil, seeking funds for acquisitions and to expand its digital publishing business.

Business

Tencent unit China Literature launches up to US$1.1b HK IPO

HONG KONG: China Literature Ltd, China’s largest online publishing and e-book company, launched an initial public offering for up to US$1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business.

Business

Tencent’s online publisher files for Hong Kong IPO seen worth US$800m

HONG KONG: China Literature Ltd, a Tencent Holdings Ltd unit and the country’s largest online publishing and e-book company, has filed for a Hong Kong initial public offering that is expected to raise as much as US$800 million.