[ET Net News Agency, 15 October 2014] Hin Sang Group (06893) said its retail offering
was over-subscribed by about 859 times and the placing was very significantly
over-subscribed.
Based on the offer price of HK$1.18 per offer share, the net proceeds are estimated to
be around HK$217.3 million, which will be used up to 48% for exploring business
collaboration opportunities with new brand proprietors, up to 25% for expanding sales and
distribution network; up to 15% for enhancing marketing and promotion activities in the
PRC, up to 6% for expanding product portfolio and the remaining balance of 6% for the
group's general working capital.
Dealings in shares of Hin Sang Group are expected to commence tomorrow morning, with a
board lot size of 2,000 shares each.
Hin Sang Group is principally engaged in developing, marketing, selling and distributing
a wide variety of personal care products, health care products and household products
under various brands. (HL)