HONG KONG, July 13 (Reuters) - Shares in FIT Hon Teng Ltd , the cable and connector division of Taiwan’s Hon Hai Precision Industry, were set to open sharply higher in their debut on Thursday.
The stock was indicated to open at HK$2.87, compared with the HK$2.70 IPO price. The benchmark Hang Seng index was poised to open 1.1 percent higher.
FIT Hon Teng priced the $342 million IPO slightly below the middle of its marketing range of HK$2.38 to HK$3.08 per share. (Reporting by Elzio Barreto; Editing by Stephen Coates)