Centurion prices Hong Kong IPO shares at HK$3.18; offer 4.1 times subscribed

Singapore

DORMITORY developer Centurion Corp has priced its secondary-listing offer in Hong Kong at HK$3.18 per share, near the mid-point of price talk of between HK$3 and HK$3.30.

The 36-million-share offering was 4.1 times subscribed, based on applications for 112.5 million public offer shares and 35.2 million placement shares, the Singapore mainboard-listed company said on Monday before the market opened.

In response to demand for the public offer shares, Centurion has increased its public tranche to 10.8 million shares from six million …