Suzhou Dongshan Precision Clears Hong Kong Listing Approval for US$3b IPO

Suzhou Dongshan Precision Manufacturing, a printed circuit board maker listed in Shenzhen, has received approval from the China Securities Regulatory Commission for a Hong Kong listing, according to a Tuesday announcement. The clearance allows the company to issue as many as 234 million shares. People familiar with the matter said the share sale could rank among Hong Kong's largest initial public offerings in the fourth quarter, with the listing valued at a planned US$3 billion. The approval marks the final regulatory hurdle before the company moves toward the offering.