Jinwu Financial News | Huashi Group Holdings (01111) announced the prospectus results. The price per share is HK$1.04, and each lot is 4,000 shares. The winning rate for the first lot is 10.56%. Only by subscribing for 20 lots can you win a steady hand. The shares are expected to be listed on November 10.
The company received 5017 valid applications during the public sale stage in Hong Kong, with an overpurchase of about 11.62 times; the placement portion was overpurchased by about 0.09 times.
Based on the offering price of HK$1.04 per share offered, the company expects to collect a net amount of approximately HK$72.1 million from the global offering proceeds. Of these, about 30.7% is used to strengthen data analysis capabilities and further enhance brand services; about 20.7% is used to expand online media advertising services; about 26.6% is used to expand the geographical coverage of the company's services; about 13.5% is used to increase brand awareness and marketing efforts; and about 8.5% is used for working capital and general corporate purposes.