Jinwu Financial News | Huashi Group Holdings (01111) is now offering shares and plans to issue 125 million shares, of which 10% will be publicly sold in Hong Kong and the rest will be placed internationally. The offer price per share is between HK$0.88 and HK$1.04, 4,000 shares per lot, and the entry fee is HK$4,201.96. Huibo Capital is the exclusive sponsor. The shares are expected to be listed on November 10.
The company is a brand, advertising and marketing service provider located in Hubei Province, China, providing services throughout the value chain from market research (through cooperation with research institutes) to brand, advertising and marketing project execution. It assists brands, advertisers and advertising agencies in formulating and implementing effective service plans through cooperation with different media resource providers to achieve their promotion needs and marketing goals, thereby further enhancing the brand's reputation among target audiences and increasing the competitiveness and market share of its products or services.
The company plans to use about 35.2% of the net proceeds raised to strengthen data analysis capabilities and further enhance brand services, about 23.8% will be used to expand online media advertising services, about 30.6% will be used to expand the geographical coverage of services, about 8.0% will be used to increase brand awareness and increase marketing efforts, and about 2.4% will be used for working capital and general corporate purposes.