Grlook September 27 | Hong Kong contractor Glory Construction (9639.HK), engaged in civil and cable engineering and cecep solar energy photovoltaic system engineering, will start its IPO today (27th) until next Friday (October 4th). The IPO price per share ranges from 0.57 to 0.73 Hong Kong dollars, with 0.025 million shares offered. Public offering in Hong Kong accounts for 10%, and the rest is for international offering, raising up to 1.83 billion Hong Kong dollars. 5,000 shares for first-hand investors, an entry fee of 3686.82 Hong Kong dollars. The stock is expected to be listed on October 9th. The sponsor is Tongren Financing. Approximately 45% of the funds raised will be used to acquire more electrical utilities machinery and equipment; 35% will be used to pay for the initial costs of new projects; about 5% will be used for new employee recruitment; and around 5% will be used for purchasing 4S and enterprise resource planning systems.