Folding bike maker Dahon Tech 1,559 times oversubscribed

Chinese folding bicycle manufacturer Dahon Tech (Shenzhen) has pulled in margin loans of HK$61.1 billion, making its retail tranche 1,559 times oversubscribed as of Tuesday.

The bicycle maker plans to issue 7.92 million shares at HK$49.50 per share, with a minimum investment of HK$4,999.90 per board lot of 100 shares.

The book-building period will end at noon on Thursday, and Dahon is expected to list next Tuesday.

HELEN ZHONG