Changchuan raises US$430.4M in private placement, UBS takes largest slice

What's the deal? Changchuan TechnologyDealroom has a profile for this one. Try Dealroom → has raised US$430.4M through a private placement of shares to select investors, the company said in a July 15 filing. It issued 11.1636 million shares at US$38.5 each, with net proceeds of US$424.9M.

Who took part? The placement drew 11 investors. UBS AG received the largest allocation at US$247.4M, followed by GF Fund Management at US$45.1M and Nord Fund ManagementDealroom has a profile for this one. Try Dealroom → at US$32.7M.

The signal: A foreign bank leading a mainland Chinese share placement points to continued institutional appetite for the country's semiconductor supply chain, even as capital markets stay selective.

Read more: Jiemian News