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《新股表現》環龍(02260.HK)開報1.27元 高上市價4.1%

Huanlong (02260.HK), the performance of new shares, opened at 1.27 yuan with a high listing price of 4.1%.

即市頭條 ·  Jan 10, 2022 20:36

VANOV HOLDINGS (02260.HK) closed at 1.36 yuan in the dark market, closing at 1.26 yuan, with an IPO price 3.3% higher. The stock was first quoted at 1.27 yuan today, up 4.1% from the listing price of 1.22 yuan, and 18.34 million shares were traded before the market.

Huanlong is a manufacturer of papermaking blankets in the mainland. A total of 114.2 million shares have been sold in Hong Kong, and Gong Zhaohui, management director of Fuhui Innovation Venture Capital, and Chen Xiong, chairman of Guangdong Kelun Pharmaceutical Co., Ltd., have been introduced as cornerstone investors to subscribe for a total of 32.784 million shares. The 10% public offering is about 12.7 times oversubscribed, with a successful subscription rate of 15%. The shares are priced at the lower end of the IPO range (1.22-1.44 yuan). The net fund raised is expected to be about 92.8 million yuan, of which 40% will be used to purchase machinery. to upgrade the Shanghai production base and Chengdu production base for the second phase of the capacity expansion plan; 20% is used to strengthen the group's R & D capacity, and about 10% and 20% are used to seek strategic acquisitions and debt repayment, respectively. 10% is used for working capital and other general enterprise purposes. The exclusive sponsor for listing is Min Bank Capital.

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