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15/12/2014 10:03

Chun Sing Engineering (02277) kicks off IPO for HK$66mn

[ET Net News Agency, 15 December 2014] Chun Sing Engineering (02277) announced share
offer of 257.5 million shares, comprising 128.75 million new shares and 128.75 million
sale shares, of which 25.75 million new shares (subject to re-allocation) will be offered
under the public offer and 231.75 million shares will initially be offered under the
placing. The offer price is HK$0.60 per share.
The total net proceeds from the share offer are estimated to be HK$65.8 million,
after deducting related underwriting fees and estimated expenses.
The public offer begins today and closes on 18 December. The allocation result will be
announced on 24 December. Trading of shares of the company on the main board will begin on
29 December.
Messis Capital is the sole sponsor of the share offer; Orient Securities is the sole
bookrunner and the lead manager of the share offer. (KL)

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