Zhejiang Sanhua Said to Upsize Hong Kong Listing to $1.2 Billion

Zhejiang Sanhua Intelligent Controls Co. raised HK$9.3 billion ($1.2 billion) after expanding the size of its Hong Kong share sale and pricing the deal at the top of the marketed range, according to people familiar with the matter.

The Chinese company, whose stock also trades in Shenzhen, priced 414.4 million shares in its Hong Kong listing at HK$22.53 each, the people said, asking not to be named because the information isn’t public.

Demand for the shares was strong enough to trigger an option to sell 15% more shares than planned, the people said. The company had marketed the stock at ...