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Hisense unit Ligent Technologies jumps 19.2% in Hong Kong debut after raising HK$5.6 billion
The optical communications unit of television maker Hisense Group Holdings, Ligent Technologies, made a strong debut in Hong Kong, raising HK$5.6 billion (US$714 million). Shares of the fibre-optic communications equipment maker jumped as much as 19.2% on Tuesday morning, valuing the company at more than HK$35 billion. This adds momentum to a fresh wave of mainland Chinese conglomerates spinning off business units to tap overseas capital and support technology expansion.
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