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Zhejiang SSAW Boutique Hotels Targets $38 Million in Shenzhen IPO

MT Newswires ·  {{timeTz}}

07:19 PM EDT, 09/15/2021 (MT Newswires) -- Zhejiang SSAW Boutique Hotels (SHE:301073) could raise as much as 246.5 million yuan ($38.3 million) in its initial public offering on the Shenzhen Stock Exchange's ChiNext board.

The Chinese hotel chain operator has priced its issuance of more than 20.1 million shares at 12.24 yuan apiece, according to a bourse filing.

Online and offline subscriptions will commence Thursday and the group will trade under stock code 301073 and stock name SSAW Hotels.

Founded in 2007, SSAW Hotels has opened and is preparing to build 50 hotels across China, according to its website.

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