June 3 (Reuters) - Chinese wind power equipment maker Dajin Heavy Industry said on Wednesday it has determined the offer price for its Hong Kong listing at HK$66.40 apiece, aiming to raise HK$5.77 billion ($736.3 million).
Here are some more details:
o The Shenzhen-listed company sets the offer price at HK$66.40 per H share, which is at the upper limit of its earlier estimate.
o The debut comes amid a relentless surge in share sales by Chinese companies seeking to raise offshore capital. Among recent candidates is Fosun's holiday resort operator Club Med, which is also planning a listing as early as the end of this year.
o Dajin will offer nearly 87 million shares and expects trading to begin on June 5.
o It said it will announce details of the indications of interest in the international offering, and the levels of applications in the Hong Kong public offering on Thursday.
o In its earlier filing, the company outlined plans to channel roughly 55% of the sale proceeds into bolstering deep-sea wind capabilities, about 20% toward establishing a European assembly hub, and the remainder into research, market expansion and working capital.
o Huatai Financial and China Merchants Securities are acting as joint sponsors for the listing.
($1 = 7.8368 Hong Kong dollars)
(Reporting by Shruti Agarwal in Bengaluru; Editing by Vijay Kishore)
