Overview

• Chery is offering 297.4 million H-shares at HK$27.75 to HK$30.75, with final pricing due September 23 and trading slated for September 25.
• The company targets proceeds of up to about HK$9.1 billion and has an overallotment option for an additional 44.61 million shares.
• Roughly 10% of the offering is allocated to the public, with the rest for institutions, and the retail subscription window runs through Monday.
• Proceeds will fund research and development, overseas expansion and factory upgrades, according to the listing document.
• China International Capital, Huatai, GF Securities and Citic serve as overall coordinators, and the filing flags risks from US–China trade tensions and intense competition.